CNBC: “Weak 2019 earnings growth paves the way for a strong 2020 earnings picture, boosting stocks” - DataTrek Research
11 Nov
Facebook Twitter Google Linkedin Pinterest

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.

CNBC: “Weak 2019 earnings growth paves the way for a strong 2020 earnings picture, boosting stocks”

By admin_45 in IN THE NEWS CNBC: “Weak 2019 earnings growth paves the way for a strong 2020 earnings picture, boosting stocks”

Excerpt from CNBC quoting DataTrek's Nick Colas:

.... "Third-quarter earnings are slated to see a 2.4% drop from last year’s third quarter, according to DataTrek Research. The first and second quarter saw 0.4% declines in earnings from the same periods last year. Plus, the fourth quarter is looking like another tough quarter with analysts estimating a 1.1% fall in earnings from 2018.

“Markets rallying to new highs clearly indicates that marginal investors believe 2019′s no-growth earnings will make for easy comps in 2020 if the US-China trade war abates,” said Nicholas Colas,co-founder of DataTrek Research, in a note called “2020: The Year of Easy Earnings Comps"....

Read the full article here on CNBC!

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.