While investors balked at Apple’s worse-than-expected quarterly iPhone sales, analysts are looking past the September quarter and largely optimistic toward the company’s future. The tech giant reported revenue and earnings on Thursday afternoon that beat estimates, but its stock tumbled as phone sales disappointed shareholders. Analysts at major banks praised […]
Apple shares fell as much as 4% in early Friday trading after the tech giant’s fiscal fourth-quarter figures failed to meet analysts’ expectations. The company beat estimates for overall revenue and profit, but iPhone sales landed below hopes. Apple’s updated phone lineup was released roughly one month later than usual, […]
Apple is set to report fiscal fourth-quarter results on Thursday, cluing investors in on how the company performed just before its latest iPhone event. The quarter that ended in September saw Apple introduce new services and update its watch and iPad lineups. The reveal of its first 5G-capable iPhone lineup […]
US stocks traded mixed on Tuesday as investors weighed strong earnings reports and deal news against the latest delay in economic stimulus. Merck,HSBC,Corning, and others beat third-quarter estimates when they reported figures Tuesday morning. The healthy readings suggest the bulk of the coronavirus’s economic fallout landed earlier in the year. […]
An unusual trend has emerged in the current earnings season that hasn’t been seen since the early-2000s tech bubble,Bank of America said in a Monday note. Companies that beat both profit and revenue estimates are underperforming the most in history, while those missing expectations are outperforming the most in history, […]
US stocks wavered on Friday as new commentary from the White House cut into hopes for pre-election stimulus. While House Speaker Nancy Pelosi indicated a bill could still be approved before Election Day, Treasury Secretary Steven Mnuchin noted that “significant differences” remain between each side’s respective proposals. The tepid session […]
Intel shares were downgraded to “underperform” by Bank of America analysts on Friday after the company’s third-quarter report signalled weakened second-half performance. The team also lowered its price target for the company’s shares to $US45 from $US60, implying a 17% decline from Thursday’s closing level over the next 12 months. […]
US stocks gained on Friday as Wall Street monitored Washington for updates to stimulus negotiations. House Speaker Nancy Pelosi previously said she hoped to reach an agreement before the weekend and added on Thursday that Democrats and the White House were “just about there” on a compromise. Still, Senate Republicans […]
US stocks declined slightly on Wednesday as investors weighed the latest developments in reaching a stimulus agreement. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin failed to reach a deal before a Tuesday deadline and now aim to finalise a proposal before the weekend. Senate Democrats blocked Republicans’ $US500 […]
US stocks climbed on Wednesday as investors waited for news on stimulus talks. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin failed to reach a deal before their Tuesday deadline and now aim to finalise an agreement before the weekend. Pelosi told reporters she remains hopeful a compromise can […]
Netflix sank as much as 6% in early Wedne sday trading after missing expectations for third-quarter subscriber growth and profits. The streaming titan added 2.2 million subscribers over the three-month period, missing Wall Street’s 3.3 million estimate. While revenue beat expectations, earnings per share of $US1.74 missed the $US2.13 Street […]
Strong third-quarter deliveries set Tesla up for a healthy earnings beat on Wednesday and a sales milestone before the year is out, Wedbush analysts said Friday. “Improved manufacturing efficiency and shining [Gigafactory] 3 success in China” are key drivers for the company’s near-term success, the team wrote in note. The […]
US stocks sank on Wednesday as Treasury Secretary Steven Mnuchin dashed hopes of passing new stimulus before Election Day. Despite holding multiple calls with House Speaker Nancy Pelosi, “getting something done before the election and executing on that would be difficult,” Mnuchin said at a conference. Goldman Sachs shares climbed […]
US stocks edged higher as investors mulled the chances of a stimulus compromise and the latest set of bank earnings. Goldman Sachs shares climbed after the bank handily beat estimates for third-quarter revenue and earnings. Bank of America and Wells Fargo fared worse, with both firms citing historically low interest […]
Goldman Sachs on Wednesday announced third-quarter earnings that thrashed analyst expectations for revenue and profit. The bank’s focus on trading helped earnings more than double from the third quarter of 2019. “As our clients begin to emerge from the tough economy brought on by the pandemic, we are well positioned […]
Citigroup on Tuesday reported second-quarter earnings that beat analyst estimates for revenue and profit. The bank’s trading desks failed to offset its struggling consumer banking arm, but performed well enough to surprise Wall Street to the upside. Citi shares gained as much as 2% in early Tuesday trading. Watch Citigroup […]
With earnings season set to officially kick off on Tuesday, LPL is out with a list of three things to watch for in company results. LPL expects management teams to instill confidence in investors as an economic recovery from COVID-19 is well underway. “Mostly better-than-expected economic data during the quarter […]
US stocks rose on Monday as Democrats and Republicans inched closer to a last-minute stimulus compromise. The Trump administration lifted its proposal to $US1.8 trillion from $US1.6 trillion on Friday, inching closer to the Democrats’ preferred $US2.2 trillion size. Still, House Speaker Nancy Pelosi deemed the bill “one step forward, […]
Coronavirus vaccine developments are a more important market catalyst than the US presidential election and third-quarter earnings, Goldman Sachs said Friday. The odds of widespread vaccine distribution by the first quarter of 2021 rose to 71% in early September from 39%, suggesting a resumption of regular economic activity might arrive […]
Workday jumped as much as 12% in early Friday trading after beating estimates for second-quarter earnings and revenue. The company also raised its guidance for full-year subscription revenue above Wall Street’s forecast. Workday promoted Co-President Chano Fernandez to co-CEO, where he’ll serve alongside CEO Aneel Bhusri. The firm’s better-than-expected results […]
Salesforce.com blew earnings expectations out of the water after markets closed on Tuesday, trouncing expectations for second-quarter profits and revenue. The company also raised its full-year guidance above expectations, a stark pivot from its guidance cut in May. Salesforce shares rallied as much as 29% on the earnings beat. Bank […]
US equities edged lower on Friday as investors weighed healthy quarterly earnings against fresh signs of a prolonged recession and concern over an economic-stimulus agreement. Agriculture giant Deere & Co. gained in early trading after beating Wall Street’s expectations and boosting its profit guidance. Yet traders continued to sell stocks […]
Quarterly analyst calls revealed a spate of updates on how companies expect the economy to change throughout its recovery. Goldman Sachs pored over more than 130 calls and found a collection of nascent trends influencing corporate behaviour. Here are the four key themes that emerged throughout the second quarter, according […]
Chinese electric automaker Nio leaped as much as 11% in early Tuesday trading after beating second-quarter estimates and posting positive gross margin for the first time ever. The company nearly tripled vehicle deliveries through the quarter and crept closer to profitability with a smaller loss than expected. Nio also guided […]
After banks’ and tech giants’ earnings largely impressed Wall Street, discount stores are set to post similarly positive results, according to Bank of America. The firm’s analysts expect the sector’s second-quarter figures to hold strong thanks to rising food sales and improvement in general merchandise revenue. Walmart, Target, and Dollar […]
Uber is scheduled to report second-quarter figures on Thursday, revealing whether its surging Eats business can offset a slowdown in rideshare activity. The company is also set to update investors on its July acquisition of food-delivery firm Postmates. Analysts largely expect Uber Eats to double over the quarter, and the […]
Nikola shares slid as much as 17% on Wednesday after the company’s debut earnings release missed estimates. The electric-truck manufacturer’s second-quarter loss totaled $US86.6 million, more than five times the year-ago period’s loss. Analysts pressed for new details on Nikola’s pipeline in a Tuesday earnings call but received little in […]
US stocks slid on Thursday after economic data showed the US’s biggest gross domestic product contraction on record. The country’s economy shrank at an annualized rate of 33% in the second quarter, the Commerce Department announced Thursday. Economists expected a contraction of roughly 35%. Jobless claims data pointed to lasting […]
US stocks dropped on Thursday after economic data detailed the US’s biggest gross domestic product contraction on record. The country’s economy shrank at an annualized rate of 33% in the second quarter, the Commerce Department announced Thursday. Economists expected a contraction of roughly 35%. Jobless claims data pointed to lasting […]
Facebook will release second-quarter figures after markets close on Thursday, giving investors an update to how it’s fared throughout the coronavirus pandemic. The social media giant’s stock sits just off of record highs after investors propped up mega-caps through the market’s months-long upswing. Most analysts are focused on a recent […]
UPS beat estimates for second-quarter revenue and profits on Thursday as the coronavirus pandemic boosted domestic deliveries. Demand in Asia and strong healthcare shipping activity also fuelled the earnings win, CEO Carol Tomé said. The company refrained from providing forward guidance, citing ongoing uncertainties surrounding the pandemic. Shares rallied as […]
Apple is scheduled to release its fiscal third-quarter figures on Thursday, and analysts largely expect sales and profits to land above expectations. Yet several firms are more interested in whether Apple will issue an official forecast for its September quarter and upcoming iPhone release. Here’s what five analysts expect when […]
Advanced Micro Devices beat second-quarter estimates and forecasted better-than-expected sales when it reported earnings Tuesday afternoon. Notebook and server processor sales fuelled a quarterly profit of $US157 million, CEO Lisa Su said in the report. AMD launched 11.6% higher in early Wednesday trading. The semiconductor company recently narrowed its gap […]
US stocks closed down on Tuesday as investors mulled Senate Republicans’ coronavirus stimulus package and a slew of earnings reports. The GOP continued negotiations on its initial fiscal relief plan throughout the day. The $US1 trillion package includes another round of $US1,200 payments and additional funds for small-business loans. Experts […]
US stocks dropped on Friday after China ordered the closure of the US Consulate in Chengdu, ratcheting up tensions between the economic superpowers. The US made a similar order on Wednesday, prompting concerns of a tit-for-tat economic conflict. Investors also weighed earnings misses from Intel and American Express. Tech stocks […]
US stocks slipped on Friday after China ordered the closure of the US’s consulate in Chengdu, ratcheting up tensions between the economic superpowers. The escalation comes after the US made a similar order on Wednesday and revived fears of a tit-for-tat economic conflict. Investors also weighed earnings misses from Intel […]
Microsoft shares tumbled as much as 2.8% on Thursday after its cloud-computing and office software business missed quarterly estimates. The slump saw roughly $US46 billion erased from the tech giant’s market cap. A “continued customer shift to cloud offerings from multi-year on-premises agreements” harmed the company’s transactional licensing business, Microsoft […]
Investors should steer clear of Apple shares until virus-fuelled uncertainties subside and markets can better price future performance, Goldman Sachs said Wednesday. The firm’s analysts expect Apple to omit forward guidance from its upcoming quarterly report, leaving investors guessing as to whether its next-generation iPhone will arrive on time. A […]
Daniel Ives of Wedbush on Thursday increased his bull case price target on Tesla to $US2,500, implying a roughly 52% surge from where shares currently trade. Tesla reported second quarter earnings Wednesday that exceeded Wall Street’s expectations and showed its fourth consecutive quarterly profit, paving the way for potential inclusion […]
US stocks climbed on Wednesday as traders weighed inflamed tensions with China, a potential extension to bolstered unemployment benefits, and coronavirus vaccine news. Concerns about a fresh US-China conflict intensified after the US ordered the closure of China’s Consulate in Houston. China vowed to implement “firm countermeasures.” Reports of the […]
US stocks edged higher on Wednesday as traders weighted the prospects of a new spending bill against inflamed tensions with China. Concerns of a fresh US-China conflict intensified after the US ordered the closure of China’s consulate in Houston. China fired back soon after, vowing to implement “firm countermeasures.” Earnings […]
US stocks closed mixed on Friday as traders weighed disappointing quarterly figures from Netflix and gloomy consumer sentiment data. Both the S&P 500 and Dow Jones industrial average finished the week with gains exceeding 1%. Netflix missed estimates for second-quarter profits and third-quarter subscriber additions. A preliminary July reading of […]
While Netflix shares tumbled following a disappointing second-quarter report, Wall Street analysts are still optimistic about the company’s near-term prospects. The streaming giant beat revenue estimates but fell below hopes for second-quarter earnings and forecasted third-quarter subscriber growth. Some analysts pointed to a pull-forward in subscribers as a boon for […]
US stocks ticked higher on Friday, setting the S&P 500 up for a mild weekly gain despite Netflix plunging on disappointing earnings. The streaming giant missed estimates for second-quarter profits and third-quarter subscriber additions. Cruise stocks dropped for the second straight session after the Centres for Disease Control and Prevention […]
US stocks declined on Thursday for the first time in three days after weekly jobless-claims data came in higher than economists anticipated. Filings for unemployment benefits totaled 1.3 million in the week that ended on Saturday, landing above the 1.25 million estimate and falling just 10,000 from the previous reading. […]
US stocks declined on Thursday after weekly jobless claims data came in higher than expectations, falling the least since March on a week-over-week basis. Filings for unemployment benefits reached 1.3 million in the week ended Saturday, landing above the 1.25 million estimate and falling just 10,000 from the previous reading. […]
Netflix is poised to benefit from stay-at-home activity and a strong content lineup when it reports second-quarter earnings Thursday afternoon. Wall Street analysts mostly expect the company to beat expectations for subscriber growth after trouncing estimates in the first quarter. Yet some firms have lost their bullish view of the […]
The resurgence in coronavirus cases and new risks of an economic shutdown led major bank leaders to curb investors’ enthusiasm for a near-term recovery. Top executives from Citigroup,Goldman Sachs, JPMorgan, and Wells Fargo all cautioned that, while the worst of the pandemic’s fallout likely hit in the second quarter, the […]
US stocks rose Wednesday after drugmaker Moderna announced an early coronavirus vaccine trial produced antibodies in all participants. Major indexes were also lifted by strong quarterly earnings from Goldman Sachs, which saw the firm handily beat analyst profit estimates. The so-called reopening trade gained, while oil climbed ahead of a […]
Goldman Sachs reported second-quarter earnings Wednesday morning that beat analyst estimates for revenue and profit. Quarterly revenue posted its second-highest reading ever as trading businesses surged on heightened market volatility. Loan loss reserves reached $US1.6 billion as the firm braced for credit-market fallout. “Our strong financial performance across our client […]
US stocks rose on Tuesday as investors weighed second-quarter earnings results for US banks against spiking coronavirus cases. JPMorgan gained after earnings beat Wall Street expectations. Wells Fargo slumped after reporting a loss and cutting its dividend. Coronavirus cases continue to climb in the US, forcing states to rollback reopening […]
Wells Fargo revealed second-quarter figures on Tuesday that detailed the firm’s first quarterly loss since 2008. The bank lost 66 cents per share, below the 33 cent estimate. Net interest income landed at $US9.9 billion, missing the $US10.3 billion expectation. The bank’s earnings were largely dented by increased loan loss […]
US stocks slid on Monday, erasing earlier gains, as the governor of California announced closures of bars and indoor dining, spurring worries around economic reopening nationwide. The S&P 500 jumped as much as 1.6% and briefly erased its year-to-date losses before turning negative in the afternoon. Pfizer and BioNTech gained […]
US stock indexes rose on Monday as investors prepared for upcoming earnings reports, which will provide details around the impact of coronavirus on companies. PepsiCo gained after revealing better-than-expected sales to kick off earnings season. Pfizer and BioNTech gained jumped after two of the firms’ COVID vaccine candidates received “fast […]
Bank earnings are set to tank 69% year-over-year for the second quarter, Goldman Sachs said in a Tuesday note. Morgan Stanley and Citigroup are Goldman analysts’ top picks among the seven biggest US banks. Both firms enjoy a greater focus on capital markets, leading fee income to serve as a […]
“The consensus view is that a Democrat victory in November will be a negative for equities,” wrote JPMorgan analysts led by Dubravko Lakos-Bujas in a Monday note. “However, we see this outcome as neutral to slight positive.” There are a number of factors that could make a Biden presidency positive […]
Bank of America analysts expect S&P 500 companies to beat earnings expectations by 8% in the second quarter after massive forecast cuts. Wall Street lowered profit expectations by roughly 40% heading into second-quarter earnings season, its biggest cut since 2008. The muted projections, along with recent economic data surprises and […]
Second-quarter earnings season will kick off in July, with investors eager to see how the wide-reaching impact of the COVID-19 outbreak will continue to affect corporations. Business Insider spoke to three experts who laid out where they think investors should be looking and putting their money ahead of likely market […]
US stock indexes slid on Friday after quarterly reports from mega-cap tech players disappointed investors. Amazon’s first-quarter profit landed below Wall Street estimates, while Apple’s decision to withhold guidance for the first time in a decade dragged on trader sentiments. Oil extended its rebound to a third day, with WTI […]
Companies still issuing profit forecasts are the most pessimistic they have been since the financial crisis, Bank of America said Monday. The bank’s three-month guidance ratio, which compares the number of above- and below-consensus forecasts, slid to 0.3x in April, its lowest level since March 2009. Several firms are nixing […]
All three major US stock indexes tumbled on Wednesday as retail-sales data and quarterly earnings reports reflected the harm of the coronavirus outbreak. Shares of Goldman Sachs, Citigroup, and Bank of America slipped after all three firms reported quarterly profit declines of at least 45%. The Commerce Department announced that […]
US stocks slid on Monday in their first day of trading after the S&P 500 completed its best weekly gain since 1974. Investors mulled heightened uncertainty heading into earnings season. JPMorgan, Wells Fargo, and Johnson & Johnson are among the firms set to announce their first-quarter results on Tuesday. They […]
US stocks slid on Monday after the S&P 500 completed its best weekly gain since 1974. Investors mulled heightened uncertainty heading into earnings season. JPMorgan, Wells Fargo, and Johnson & Johnson are among the firms set to announce their first-quarter results on Tuesday. They will offer a preliminary look at […]
Third-quarter earnings seasons is almost wrapped up, with the vast majority of S&P 500 companies have reported as of the beginning of November, according to Bank of America Merrill Lynch. Earnings results are pointing to an overall 2% bottom-line beat for quarter, BAML’s analysts wrote in note to clients on […]
At the start of November, 81% of S&P 500 companies have reported quarterly earnings. So far, earnings per share have exceeded analyst expectations and resulted in bigger-than-usual market reactions, according to a Monday note from Bank of America Merrill Lynch. Companies are giving mixed signals about what to expect in […]
Third-quarter earnings season has helped drive markets near record highs, and some of the biggest companies are scheduled to report their latest figures this week. The reports arrive as recession warnings cool and the US-China trade war nears a partial truce. Here’s what to look for when Apple,Facebook,Berkshire Hathaway, Alphabet,General […]
Third-quarter earnings season is a couple weeks underway, and Bank of America Merrill Lynch analysts found that companies that missed sales and profit expectations are getting hit more than usual in next-day trading. The companies that fell short of expectations for revenue and earnings underperformed the S&P 500 by 3.9 […]
Sentiment towards specific stocks is going to matter more than usual during third-quarter earnings season as economic and geopolitical uncertainties mount, according to BTIG. Companies with (1) positive consensus earnings forecasts and (2) a history of beating estimates in previous quarters are likely to outperform the market, the firm said. […]
This week kicks off third-quarter earnings season, with major US companies revealing how trade war pressures, recession warnings, and interest-rate cuts affected their earnings and future sentiments. Banks and brokerages make up most of the mid-October reports, with JPMorgan Chase, Wells Fargo, and Goldman Sachs scheduled to release their figures […]
Earnings season kicks off on Monday, and Bank of America Merrill Lynch analysts are projecting which sectors will impress investors and which are most likely to stumble. US banks and brokerages account for many of next week’s reports and begin reporting earnings on October 15. BAML analysts expect the insurance, […]
Third-quarter earnings season is just around the corner, and the upcoming company reports could tank the stock market or send it to all-time highs. Research firm Birinyi Associates compiled data from past earnings seasons and found only seven companies beat both top- and bottom-line estimates in 80% of their reports. […]
Beyond Meat’s second-quarter earnings are due after market close Monday – its second report as a public company. Shares fell by as much as 14% early Monday before paring losses slightly by mid-morning. The stock had spiked 840% since Beyond Meat’s initial public offering, through Friday. No analysts on Wall […]
July 25 is shaping up to be the biggest day of the week, with Amazon, Alphabet, Starbucks and 3M all announcing their quarterly figures. These large-cap companies will announce their latest earnings figures after several banks reported mixed results and major indexes hit record highs. Visit the Markets Insider homepage […]
Microsoft rose 3.5% in early trading Friday after fiscal fourth-quarter earnings showed a beat on both revenue and profits. The computing giant is headed for a record open, strengthening its position as the world’s most valuable company. It had a market cap of $US1.05 trillion as of Thursday’s close. Revenue […]
Netflix plummeted as much as 12% on Thursday after reporting its subscriber growth fell to 2.7 million during the second quarter. Analysts expected the streaming giant to add around 5 million subscribers. In addition, the company’s US paid-subscriber base shrunk by 130,000, badly missing already-conservative estimates of 309,240 domestic additions. […]
The US current corporate earnings season is all but over. While the results aren’t stellar, they have topped analysts’ low expectations – especially when compared with results from their overseas counterparts – and are on track to avoid a decline. Still, growth has markedly slowed from prior quarters. Morgan Stanley […]
Yelp was scheduled to release fourth-quarter and full-year earnings after the market’s close on Wednesday. Analysts surveyed by Bloomberg expected adjusted earnings per share of $US0.36 on revenue of $US241.19 million for the final three months of 2018. Last quarter, shares of the user-review website crashed after it reported results […]
Alphabet, Google’s parent company, fell modestly Tuesday after the company reported quarterly and full-year earnings the prior evening. Analysts who track the stock weighed in on the results with mixed reactions. Some left their price targets unchanged, while several made cuts, citing disappointing margins. Still, many held their positive long-term […]
Alphabet, the parent company of Google, is scheduled to report earnings after Monday’s closing bell. The stock has the lowest short interest as a percentage of float of all the internet names. Shares have slightly outperformed the broader market with an 8.5% gain this year, but they’re down about 12% […]
The busiest week of the current US corporate earnings season just ended, with 123 companies in the S&P 500 reporting. Though some individual companies have certainly surpassed investor expectations, the results have mostly proved dismal, with the lowest number of earnings “beats” in seven years. Equity strategists and economists are […]
Tesla reported quarterly earnings after the closing bell on Wednesday. The electric-car maker fell short of analysts’ earnings expectations, but beat on revenue. The company said it plans to produce its Model 3 “at maximum production rates” this year. CEO Elon Musk warned investors and employees two weeks ago that […]
Tesla is scheduled to report fourth-quarter earnings after Wednesday’s closing bell. Elon Musk, the electric-car maker’s CEO, warned investors and employees two weeks ago that pressure to achieve a profit and make the Model 3 more affordable led to more than 3,000 job cuts at the company. Shares of Tesla […]
Apple is set to release its first-quarter results Tuesday afternoon. It is one of the most highly anticipated reports in years. Strategists point out that despite recent volatility and some uncertainty surrounding the upcoming report, shares are not expected to see a particularly large move. Apple shares have fallen 33% […]
Caterpillar reported fourth-quarter earnings Monday that missed Wall Street expectations. Shares fell nearly 6% early Monday. Watch Caterpillar trade here. Caterpillar reported fourth-quarter earnings Monday morning that missed Wall Street expectations, sending shares down nearly 6% ahead of the opening bell. The industrial giant reported adjusted earnings per share of […]
Netflix shares slipped early Friday after the streaming giant reported fourth-quarter sales that fell slightly short of expectations. But the vast majority of Wall Street analysts were bullish following the report. Shares were up 32% so far this year. Watch Netflix trade live here. Netflix shares were lower early Friday […]
Netflix is expected to report quarterly earnings after the bell on Thursday. Wall Street weighed in on how shares of the streaming platform look now. The stock is expected to move 8% in either direction on earnings, according to Susquehanna, which is roughly in line with its behaviour in recent […]
Earnings season is heating up this week, with 34 S&P 500 companies scheduled to report their quarterly results, according to FactSet. Analysts are expecting earnings growth to slow. Strategists across Wall Street are looking for what kind of impact slowing global growth and the US-China trade war are having on […]
Quarterly earnings season is getting underway, and it could go a long way toward dictating the future of the US stock market. A recent uptick in equity volatility has created an uncertain and unstable earnings environment, which could result in sharper share moves than usual. We outline why this is […]
Apple announced as part of its quarterly earnings report on Tuesday that it would buy back another $US100 billion of its stock. When Congress passed the GOP tax law last year, there were fears that companies would use the cash saved to enrich shareholders rather than employees – and Apple’s […]
Tesla reported a smaller-than-expected loss and beat on revenue in the fourth quarter. The company reaffirmed its production targets for the Model 3 sedan, and expects to produce 5,000 cars per week by the end of Q2. Tesla’s shares gained about 1.5% after the earnings report. Tesla on Wednesday reported […]
Companies that achieve strong revenue expansion have historically seen their stocks climb. Goldman Sachs has identified the 14 S&P 500 companies set to see the biggest sales growth in 2018. With the broader stock market expected to rise this year, it can be difficult to identify the companies set to […]
Upward revisions to S&P 500 profit forecasts have provided crucial fuel for the stock market’s ascent to new record highs. US equities are surging so much, so quickly, that some Wall Street strategist year-end forecasts have already been surpassed. It’s no coincidence that the stock market‘s latest batch of record […]
Goldman Sachs has formulated a strategy for earnings season that has provided outsize returns for the past two decades. It involves the purchase of options straddles that are cheap relative to history and that capture a company’s earnings period. The firm provides a list of 20 well-positioned companies, including Netflix, […]
Earnings growth has been the single biggest driver of stock market gains since the start of the 8 1/2-year equity bull market. Goldman Sachs has identified the 13 S&P 500 companies set to expand profits the most in 2018. Earnings growth has been the undeniable backbone of the 8 1/2-year […]
The effects of tax reform could stir up some turmoil in what’s expected to be an otherwise very strong earnings season, according to Goldman Sachs. The two areas to watch are required corporate write-downs of deferred tax items and the hundreds of millions of dollars S&P 500 companies will owe […]
Goldman Sachs finds that January has historically been filled with stock price-moving events, and recommends investors position accordingly. Most of the fluctuations result from corporate guidance and preannouncements that take place leading up to fourth quarter earnings season. Stock traders would be best advised to avoid a holiday hangover, because […]
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