Companies appear to have set themselves up for the worst by warning investors of softer profit growth this quarter, but they may have gone too far, as they often do, and earnings are topping forecasts.
The earnings season began this week, with 43 S&P 500 companies reporting as of Wednesday morning, and a whopping 84% beating analysts' estimates. Refinitiv's S&P 500 earnings growth forecast had been negative 0.3% at one point, but with the actual reports and forecasts for the rest of the S&P, second quarter earnings look set to growth about 0.4%, a number that could continue to rise.
"After such a great run and the summer doldrums, I wouldn't' be surprised to see a modest pullback here. I guess the way to think about it is we're a little cautious, but we think stock prices will work higher over the course of the year," said Keon.is up about 19.5% for the year so far, and for July, it is up 1.8% after a 7% gain in the month of June.
Try as they might, the lying MSM just can’t kill this market rally.
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
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Dow, Nasdaq end at records as Citigroup results mark start of earnings seasonU.S. stocks ended slightly higher on Monday as investors saw results from Citigroup kicking off the unofficial start of earnings season for the...
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JP Morgan Chase is set to report second-quarter earnings – here's what the Street expectsBank stocks have rebounded in recent months as strong results from lenders' retail businesses helped drive firms including J.P. Morgan to record profits. Earnings beat = stock higher. Earnings miss = stock higher. Easy call cocaine and lots of it unfortunately since Jamie just lost 20 tons of it, street will get disappointment and have to get their rocks from some other crook
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Bank of America is set to report second-quarter earnings — here's what the Street expectsAnalysts and investors are keen to find out how looming interest rate cuts will impact the second biggest U.S. lender by assets.
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Stocks pull back from record levels as earnings season picks up steamStocks got off to a slightly lower start Tuesday as investors digested a stream of earnings reports, including results from Dow components Johnson &...
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