3 Quarters of Negative Earnings. Bad News?

Data Source: Factset

Factset, “The estimated (year-over-year) earnings decline for Q3 2019 is -3.8%, which is below the 5-year average earnings growth rate of 7.3%. If -3.8% is the actual decline for the quarter, it will mark the first time the index has reported three straight quarters of year-over-year declines in earnings since Q4 2015 through Q2 2016. It will also mark the largest year-over-year decline in earnings reported by the index since Q1 2016 (-6.9%).” Continue reading “3 Quarters of Negative Earnings. Bad News?”

Be in the know. 12 key reads for Friday…

  1. Fed’s Bullard on his rate cut dissent: US manufacturing appears to be ‘in recession’ (CNBC)
  2. Larry Ellison on Uber, Tesla, AI, and More (Barron’s)
  3. AbbVie Stock Is Falling Because Investors Hate the Allergan Deal. The Vice Chairman Bought Up Shares. (Barron’s)
  4. China cuts new loan rate for second month but struggling economy likely needs more (Reuters)
  5. Activist investor Peltz says GE CEO Culp is doing a good job (Yahoo! Finance)
  6. U.S. bankers seize on repo-market stress to push for softer liquidity rules (Reuters)
  7. Light Street’s Glen Kacher: ‘Multiples Should be Higher’ (Institutional Investor)
  8. Jim Grant, “Nobody’s going to be right all the time. Our job was to make people stop and think.”  (Institutional Investor)
  9. Netflix chief says ‘The Crown’ will look a bargain after streaming explosion (Reuters)
  10. Hold That Recession: U.S. Indicators Are Trouncing Forecasts (Bloomberg)
  11. Fed Will Weigh Resuming Balance Sheet Growth at October Meeting (Wall Street Journal)
  12. Tesla’s Model 3 earns insurance industry’s top safety rating (New York Post)