Bloomberg: “S&P 500 Profit Recession May End as Companies Trounce Estimates”By admin_45 in IN THE NEWS
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!