Bloomberg: "S&P 500 Profit Recession May End as Companies Trounce Estimates"

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Bloomberg: "S&P 500 Profit Recession May End as Companies Trounce Estimates"

Excerpt from Bloomberg quoting DataTrek’s Nick Colas:

….“Wall Street expectations are too low for Q4 2020, so we should see plenty of beats. We need them,” Nick Colas, co-founder of DataTrek Research, wrote in a note this week. With current estimates pointing to a sequential profit decline in the fourth quarter, a period that typically gets a lift from holiday spending, the bar is likely set too low, making it easier for companies to deliver outsize beats, he added”….

Read the full article here on Bloomberg!