News. More than half of the companies in the Standard & Poor's 500 have reported quarterly earnings, 304, and 75% of them have beaten earnings estimates. Meanwhile, 63% have beaten revenue forecasts, Thomson Reuters says.
The numbers are even better than usual. In recent quarters, 69% of companies have beat earnings estimates and 61% have topped revenue estimates
My view. These strong earnings reports should be good news for stocks in the coming weeks. Let's hope so.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 and 2010 by Timer Digest
To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can subscribe to The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific investment portfolio.
Disclaimer.The content on this site is provided as general information only and should not be taken as investment advice nor is it a recommendation to buy or sell any financial instrument. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.
2 comments:
I thought corporate earnings are lagging indicator.
Corporate profits lead the business cycle. GD
Post a Comment