Barron’s: “The Market Has Taken a Beating. Why It’s Still Too Soon for Bargains.”

Barron’s: “The Market Has Taken a Beating. Why It’s Still Too Soon for Bargains.” - DataTrek Research

Trial DataTrek Morning Briefings for Free

Thousands of investors and financial journalists rely on Nick and Jessica’s newsletter every day for their thought-provoking work on markets, data and disruption. See why for yourself by starting a 2-week FREE trial below.

By clicking submit, you agree that you have read and understand our Terms of Service, Subscription Agreement, and Privacy Policy, and hereby agree to be bound by them.

Barron’s: “The Market Has Taken a Beating. Why It’s Still Too Soon for Bargains.”

By admin_45 in IN THE NEWS Barron’s: “The Market Has Taken a Beating. Why It’s Still Too Soon for Bargains.”

Excerpt from Barron's quoting DataTrek's Nick Colas:

.... "DataTrek Research’s Nicholas Colas also sees signs for concerns. In a note to clients, Colas noted that Microsoft (MSFT), Alphabet ’s Google (GOOG), Facebook owner Meta Platform (META) and Nvidia (NVDA) hit 52-week lows on Friday even though the S&P 500 didn’t. “That is a bad sign going into third quarter financial reporting season and implies coming earnings misses and/or negative guidance,” Colas writes.

Though analysts have been reducing earnings expectations, earnings per share estimates for the S&P 500 for the next four quarters is still almost 5% higher than the trailing four quarters. “Any recession over the next year is still not factored into the Street’s earnings estimates,” Colas writes"....

Full article here on Barron's.

Trial DataTrek Morning Briefings for Free

By clicking submit, you agree that you have read and understand our Terms of Service, Subscription Agreement, and Privacy Policy, and hereby agree to be bound by them.