The most extreme examples of cluelessness can be found in airline stocks. One example: Estimates forrange from a loss of $2.35 to a loss of $16.77, a difference of $14.42. The average difference between high and low estimate for United in all four quarters of 2019 was $0.46.
"This is an unprecedented shock," he said. "Analysts are highly dependent on company guidance. When company management is clueless about their earnings, you can't expect analysts to have a clue." He pointed to the JPMorgan estimates. "Analysts who have the higher estimates likely believe that stimulus will prevent higher levels of loan defaults, whereas those who have lower estimates likely don't," he said.What does this mean for earnings in the third and fourth quarters? For Matt Maley at Miller Tabak, it's a simple answer: "We need better guidance from the companies.
Even if we had some better news on the virus, Maley said, the November elections will keep volatility high, along with trade tensions between China and the U.S.
My guess is they will be bad, but better than experts predicted and somehow the stock market will continue to rise. economy DowJones
It doesn’t mattet, if earnings as bad “they were expected” if they are less bad “they are better then expected”. Stonks will always go up. J. Powell and the FED have killed capitalism, and your channel will run out of things to talk about pretty soon.
BubbaWallace NASCAR NASCARONFOX all THAT HAVE CocaCola memorabilia especially the 'elite' DNC (some of it worth 10s of thousands of dollars PER PIECE)& the TEAMS THAT ACCEPT THEIR SPONSORSHIP must give the $2 Blacklivesmatter cause it was founded by a CONFEDERATE MSNBC