"Corporate profits in the United States rose by 1.6%"
Wrong! Here is what FactSet have reported on 1 Sept (yesterday) for both Q2 & Q3...
For Q2 2023, the blended (year-over-year) earnings decline for the S&P 500 is -4.1%. The second quarter will mark the third straight quarter of earnings declines reported by the index.
For Q3 2023, 73 S&P 500 companies have issued negative EPS guidance and 42 S&P 500 companies have issued positive EPS guidance.
So, Q2 is bad and Q3 is likely to be even worse with nearly double giving negative Q3 guidance.
=> The US market is a house of cards held up by 7 over-hyped AI bubble stocks.
https://advantage.factset.com/hubfs/Website/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_090123.pdf
- Forums
- ASX - By Stock
- XJO - Bear Posts only (Factors which might cause the markets to fall)
"Corporate profits in the United States rose by 1.6%"Wrong! Here...
-
- There are more pages in this discussion • 4,607 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
(20min delay)
|
|||||
Last
7,777.7 |
Change
95.700(1.25%) |
Mkt cap ! n/a |
Open | High | Low |
7,682.0 | 7,795.1 | 7,682.0 |
Featured News
XJO (ASX) Chart |