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Tag: Earnings

Earnings and data could be proof that slowdown fears were overblown

Earnings and data could be proof that slowdown fears were overblown

Finance
Earnings season shifts into a higher gear in the week ahead, as investors also watch for fresh economic data that could show that the economy is pulling out of a temporary rut. Amazon, Boeing, Microsoft and ExxonMobil are among more than 140 S&P 500 companies reporting quarterly results. According to Refinitiv, 74% of the companies reporting so far have beaten expectations. Based on forecasts and actual reports, earnings for the S&P 500 as a whole are expected to decline 1.7%, the first negative quarter in three years. Some forecasters had projected an earnings decline of 4% or more. The equivalent of the economy's first-quarter report ...
The earnings picture is about to change, likely for the better, and Jamie Dimon may be a big help

The earnings picture is about to change, likely for the better, and Jamie Dimon may be a big help

Finance
The earnings picture is about to change, likely for the better, and J.P. Morgan Chase CEO Jamie Dimon may be a big help. The trading community is on edge as JP Morgan gets ready to kick off earnings season tomorrow. Analysts have been fretting that earnings have turned negative for the first quarter, now expected to be down 2.5% for the S&P 500, the first down quarter since the second quarter of 2016. But early returns indicate analysts may be too pessimistic. Look at Fastenal, a reliable but boring industrial company that makes fasteners and construction equipment, beat earnings by a small amount and gave positive commentary, trading up ne...