Investors are waiting for the Federal Reserve meeting Minutes at 2 p.m. ET and looking ahead to big bank earnings later this week kicking off third-quarter reporting season. Worldwide Exchange Word of the Day: Earnings Stephanie Link of Hightower believes Q3 earnings will be better than LSEG estimates of a 5% increase year over year; seeing potential for an 8-10% increase. Link said: "That's tied to a better economy, Atlanta Fed tracker is running at 3.2%...
"This gives it some room to outperform in the final quarter," Baruch said on Worldwide Exchange. "I'm looking at it as a relative value play." Amazon was downgraded by Wells Fargo and Wolfe Research recently citing rising competition in both it's cloud and online marketplace business. Baruch countered: "I like to see the negativity. If the negativity is already out there, it gives the potential to beat or maybe even a lot of it already priced in."is basically flat year to date while the S&P 500 has gained more than 20%.
Citi analysts initiated coverage of 19 Transports stocks saying in part, "…we believe select Transportation and Logistics stocks are well positioned to deliver strong relative outperformance in the year ahead."
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »