-- Analysts are ratcheting up earnings forecasts for the current quarter at the swiftest pace in two years, suggesting that the worst of Corporate America’s profit slump may be firmly in the rear-view mirror.Ford Cuts Battery Orders as EV Losses Top $100,000 Per Car
The benchmark gauge for American equities is on track to post 7.1% earnings growth for the January-March period, topping analysts’ preseason estimates of 3.8%. That said, the economic backdrop has shown some cracks of late, a potentially worrisome development for the profit outlook. US employers scaled back hiring in April and the unemployment rate unexpectedly rose.
Historically, stocks react more to guidance than to results, and traders have punished companies that delivered weaker-than-expected forecasts. “The trajectory for profits from here looks quite strong, though there’s growing consternation over whether consumers are starting to get stretched,” said Scott Ladner, chief investment officer at Horizon Investments, who is underweight consumer-staples shares. “I want to see if middle-income shoppers are changing their spending patterns since revenue growth hasn’t kept up pace with profit outlooks.
Warren Buffett teased a potential Canada bet, predicted Berkshire would surpass $200 billion in cash this quarter, and shrugged off dollar worries.Telus Corp. plans to invest $73 billion to bolster its networks over the next five years, chief executive Darren Entwistle announced Thursday at the telecommunications company's annual general meeting. The investment would cover new infrastructure, technology, operations and spectrum, he said.
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้
แหล่ง: BNNBloomberg - 🏆 83. / 50 อ่านเพิ่มเติม »