The 3Q earnings reporting season just began. Revision trend has been down. Given the tightening monetary policy and the deteriorating outlook for next year, it is possible managements begin to lower guidance for next year, bringing into question the sell-side’s … Continued
Three major US banks drew mixed reaction post-earnings last Friday as the 4Q21 season got underway in earnest. Ahead of this, the S&P 500 is acting a bit weak, but no major support has been breached. If anything, bulls at … Continued
The 3Q earnings season begins in earnest this week. Leading up to this, the revision trend is up and stocks have come under a little pressure. Post-earnings reaction likely gets influenced by several variables, not the least of which is … Continued
The S&P 500 is probably headed for a test of the 50-day, which is merely 1.5 percent away. Should the average be breached, it will have come at a seasonally tough period and at a time when earnings look very … Continued
The sell-side, as well as equity bulls, have high hopes for S&P 500 earnings next year. Even if they come through, the gap between GAAP and non-GAAP will persist. US corporate profits adjusted for inventory valuation and capital consumption snapped … Continued
In the wake of the tax cuts of December 2017, S&P 500 companies are paying less than 20 percent in income taxes. All good except the gap between GAAP and non-GAAP income remains. In 3Q19, S&P 500 companies paid 18.9 … Continued