Earnings season picks up speed this week with Netflix, Goldman Sachs and IBM among the heavyweights stepping up to the plate.
"Wall Street analysts are predicting a 2% drop on a year-over-year basis in earnings for the first quarter and I wouldn't be surprised if it turns out to be the right number, just the wrong sign. It could be plus 2%," said Yardeni. The financials have already proven that upside surprises can be a running theme this reporting season, says Yardeni.
J.P. Morgan and Wells Fargo beat estimates on Friday even after the yield curve between the 3-month and 10-year Treasury notes inverted at the end of the March quarter. A flat, or inverted, yield curve puts pressure on banks' profit margins because it limits their ability to borrow cheap and provide longer-term loans at a higher interest rate.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
TradingNation Big surprises to Dem 2020 hopefuls.
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market opens slightly higher as investors prepare for earnings seasonStocks opened with small gains Thursday, with investors awaiting the unofficial kickoff of first-quarter earnings season Friday with the release of results...
Source: MarketWatch - 🏆 3. / 97 Read more »
Cramer's Game Plan: Remember this market 'has no memory' this earnings seasonJim Cramer takes a look at the week ahead as earnings season heats up.
Source: CNBC - 🏆 12. / 72 Read more »
Wall Street bull run hinges on earningsOptimism that the United States and China will soon reach a trade deal has helpe... And Trump not taxing the EU AND SLAPPING TARRIF'S ON ANYTHING THAT DISAGREES WITH HIS ORANGE HAIRLINE!!! JUST TWEETING BRO. CHOLLAX
Source: Reuters - 🏆 2. / 97 Read more »
S&P 500, Nasdaq edge higher as earnings season loomsThe S&P 500 and the Nasdaq edged into positive territory on Monday, with gains h... Accidental Renaissance. That's a real human being right there. He looks at that hair everyday and says 'Yup! That's my style!'
Source: Reuters - 🏆 2. / 97 Read more »
Earnings season is upon us — here's what to expectFirst-quarter earnings for the S&P 500 are projected to decline 2.5% year over year, according to Refinitiv consensus estimates.
Source: CNBC - 🏆 12. / 72 Read more »
Bank stocks could rally on the 'slightest' good news in earnings reports, Jim Cramer saysJim Cramer explains why the banking sector will set the tone when they kick off earnings season on Friday. Trumps economy just keeps on winning and winning and winning... 🎤 drop Really stepping out on a ledge aren't you?
Source: CNBC - 🏆 12. / 72 Read more »
Dow futures slightly higher with earnings season set to kick offU.S. stock index futures were slightly higher Friday morning, as market participants awaited the start of earnings season. Future generations will look at the absolute moronic investors of today & shake their heads at their absolute and complete brainwashed responses to the biggest, fattest, ugliest, most overvalued stock market in HISTORY. Suicide rates are going to skyrocket even further w/in 2 yrs
Source: CNBC - 🏆 12. / 72 Read more »
S&P 500 closes near record high as earnings season begins in earnestU.S. stocks closed near record highs on Friday after the largest U.S. bank, JPMo... Sad to see only men up there representing their company
Source: Reuters - 🏆 2. / 97 Read more »
This is the No. 1 mistake investors are making as earnings season beginsAs the reporting season heats up next week with the potential for increased volatility, Michael Batnick, director of research at Ritholtz Wealth Management, is warning of a common mistake investors should avoid.
Source: CNBC - 🏆 12. / 72 Read more »
Dow rises 200 points as healthy bank earnings, China trade data buoy marketsU.S. stocks open solidly higher on global growth optimism, alongside bullishly received bank earnings and a big jump for shares of Dow component Walt Disney... Maybe someone has increased his prayer.
Source: MarketWatch - 🏆 3. / 97 Read more »