MW: “Stocks should rally as long as earnings don’t disappoint, says DataTrek’s Colas”By admin_45 in IN THE NEWS
Excerpt from MarketWatch quoting DataTrek's Nick Colas:
.... "Corporate executives will be under pressure to persuade Wall Street that U.S. businesses will see no more than a modest slowdown in earnings growth from their stellar pace last year—a tall order as trade tensions and the Federal Reserve’s rate increases create potential profit headwinds. That’s based on a note from Nicholas Colas, co-founder of DataTrek Research, who says as long as companies manage that tricky feat, U.S. equities should rally this year.
“Companies must convince investors that 2019 will show further earnings growth even as profit margins actually decline,” wrote Colas in a Monday research report"....
Read the full article here on MarketWatch!