As Wall Street braces for what may be the first U.S. profit decline since 2016, ...
NEW YORK - As Wall Street braces for what may be the first U.S. profit decline since 2016, investors say the first quarter may not mark the low point for 2019 earnings.
In a troubling sign for the U.S. outlook, a report on Friday showed U.S. manufacturing activity unexpectedly cooled in March, and the spread between three-month Treasury bills and 10-year note yields inverted for the first time since 2007. An inverted Treasury yield curve is seen as a warning of a coming recession.
“It would be great if Q1 represented a low point, but I’m not betting on it,” said Jack Ablin, chief investment officer at Cresset Capital Management in Chicago. Those numbers could keep falling, while the first-quarter forecast is likely to improve from here. Since 1994, earnings have surprised to the upside on average by 3.2 percent, according to Refinitiv data, which suggests S&P 500 companies will post an earnings gain for the first quarter.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FedEx outlook weighs on Wall Street ahead of Fed policy decisionU.S. stocks fell on Wednesday after economic bellwether FedEx Corp's downbe...
Read more »
Wall Street analysts this week are increasingly worried about Amazon hurting the stocks they coverCNBC combed through Wall Street research over the last week to see what stocks are feeling the Amazon effect.
Read more »
Lyft gets its first Wall Street buy recommendation and it's not even public yetLyft won't list on the Nasdaq until the end of March but one Montana-based investment firm is already rating it a 'buy.'
Read more »
Wall Street gives up gains on news of troubled trade talksThe benchmark S&P 500 index ended little changed on Tuesday as investor optimism...
Read more »
FedEx stock falls after company misses Wall Street Q3 viewsShares of FedEx Corp. fell more than 3% in the extended session Tuesday after the logistics company missed Wall Street's expectations for its fiscal third...
Read more »
Wall Street bull Julian Emanuel predicts 'unadulterated performance chase' toward all-time highsBTIG's Julian Emanuel predicts financials bolstered by a Brexit deal will lead the next leg of 2019's rally.
Read more »
Wall Street opens higher as Fed expected to hold fireU.S. stocks opened higher on Tuesday as investors expected a more accommodative ...
Read more »
Hopes of Fed standing pat on rate hikes drive Wall Street higherWall Street's main indexes climbed on Tuesday, as investors hoped for a mor...
Read more »
Wall Street set for muted open as investors await Fed outlookWall Street's main indexes were set to eke out gains at open on Wednesday, ...
Read more »