Markets

A Democratic sweep could have a ‘modestly positive’ impact on corporate earnings, Goldman Sachs says

A Democratic sweep in November could yield unexpected benefits for corporate profitability and stock investors,Goldman Sachs said Tuesday. Strategists led by David Kostin see “a modestly positive net impact” pushing S&P 500 earnings higher should Democrats take control of the government. Boosted fiscal spending would drive economic growth and “help […]
A Democratic sweep could have a ‘modestly positive’ impact on corporate earnings, Goldman Sachs says
Markets

A Wall Street chief strategist details 4 reasons why big-company profits have been remarkably resilient during the pandemic — and explains how that’s helped the red-hot stock rally

S&P 500 corporate profits are holding up far better than they did in past recessions, and it helping fuel the stock market’s summer rally, says James Paulsen, chief investment strategist at The Leuthold Group. Shrinking GDP typically drives profit declines roughly four to five times larger than what was seen […]
A Wall Street chief strategist details 4 reasons why big-company profits have been remarkably resilient during the pandemic — and explains how that’s helped the red-hot stock rally
Markets

Corporate Profits Bounced In Q2

This morning’s revised Q2 GDP reportalso came with a preliminary estimate of Q2 corporate profits. Profits climbed 3.9% quarter-over-quarter, after having gone negative in Q1. “Second-quarter corporate profits rebounded by 3.9% q/q (unannualised), after falling by 1.3% in the first,” said Capital Economics’ Paul Ashworth. “Nevertheless, a big jump in […]
Corporate Profits Bounced In Q2
Markets

This Market Is Looking Like 2006-2008—Here’s How To Know When To Get Out

[credit provider=”Bloomberg” url=”http://www.bloomberg.com/video/83641280/”] Jefferies global head of equity strategy Sean Darby warns in his latest note to clients that a key change in the underlying fundamentals of the stock market rally is going unnoticed amid all of the talk about QE3 and the U.S. elections.Darby writes that “corporate earnings are […]
This Market Is Looking Like 2006-2008—Here’s How To Know When To Get Out
Markets

Why The Foxconn Riot Comes At The Worst Possible Time

[credit provider=”AP Images” url=”http://www.apimages.com/OneUp.aspx?st=k&kw=foxconn&showact=results&sort=relevance&intv=None&sh=10&kwstyle=and&adte=1348498150&pagez=60&cfasstyle=AND&rids=e7eb921d687649e5b98cbb805883601d&dbm=PY2010&page=1&xslt=1&mediatype=Photo”] 2,000 workers at Foxconn’s Taiyuan plant in Northern China clashed with guards in the worker’s dormitory causing the plant to be temporarily shut down. Foxconn is the company most known for assembling Apple gadgets.This is horrible timing for China, which is already experiencing a period of […]
Why The Foxconn Riot Comes At The Worst Possible Time