They lower the bar. Wall Street lowers the bar. And they set the table for more earnings beats for the third quarter. When we came into last earnings season, the financials where the only S&P 500 sector in the red for the year (down 5% at the time). Financials are now around flat for the year. Real estate and health care stocks have given up gains, so have utility stocks, from +20% in July to +10% year-to-date heading into third quarter earnings.
An Apple Earnings Beat Could Fuel Another Big Run For The Stock
GOLDMINE
Its all about business
Stocks
continue to chop around as we head toward a lineup of huge events in
the coming weeks. First, we have third quarter earnings reports
underway. Remember, last quarter companies reported into lowered
expectations. And they beat at about the same rate they historically
beat–about 70% of the time. But conveniently, they accompanied those
better earnings with downgrades on the third quarter outlook.
They lower the bar. Wall Street lowers the bar. And they set the table for more earnings beats for the third quarter. When we came into last earnings season, the financials where the only S&P 500 sector in the red for the year (down 5% at the time). Financials are now around flat for the year. Real estate and health care stocks have given up gains, so have utility stocks, from +20% in July to +10% year-to-date heading into third quarter earnings.
They lower the bar. Wall Street lowers the bar. And they set the table for more earnings beats for the third quarter. When we came into last earnings season, the financials where the only S&P 500 sector in the red for the year (down 5% at the time). Financials are now around flat for the year. Real estate and health care stocks have given up gains, so have utility stocks, from +20% in July to +10% year-to-date heading into third quarter earnings.
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