Can FANG and Tech Recovery Heal the Stock Market?
Earnings season starts in earnest next week. Can the expected surge in earnings stabilize the market and provide a base for the next rally phase? The big question is whether the good earnings forecasts are already discounted in share prices. We won’t know that until...
The Three Types of Corrections Investors Face
The corporate earnings growth rate (year/year) for Q4, 2017 was a spectacular 15.2%, the highest quarterly growth rate reported in over six years. It marked the third time in the past four quarters earnings growth was in double digits. Revenues grew an impressive 7.9%...
The Sweet Smell of Large Caps
The unfolding 2018 market narrative trumpets the expectation of strong corporate profits ahead. But first, let’s take a look at how fourth quarter 2017 reports are shaping up so far. Fourth quarter earnings are expected to grow 11.2% (exfinancial companies). We are...