Markets are bullish but earnings are being slashed. I'd be more cautious and selectively in investing now. COVID lock downs do have impacts on company revenues and financials, once reporting season gets underway, the real pain for most company will come through. The ones that have benefited will do well. Below is a good food for thought.
S&P 500 aggregate EPS growth plunging from -14.4% yoy in Q1 to -41.9% in Q2, easily the worst since 2009. With almost three quarters of companies expected to see earnings fall, median company earnings growth is also expected to fall sharply from -2% in Q1 to -24.3% in Q2.
edit. If you are investing based on market sentiment and a Fed/central bank driven bull run and never seen corrections. I'd tread with caution. In saying that I'm in this stock for the long run. So happy to top up when the corrections happen.
Markets are bullish but earnings are being slashed. I'd be more...
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ZIP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.44 |
Change
0.005(0.35%) |
Mkt cap ! $1.622B | |||
| Open | High | Low | Value | Volume |
| $1.43 | $1.45 | $1.39 | $11.99M | 8.413M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 44494 | $1.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.44 | 157139 | 12 |
View Market Depth
| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |