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4 things could shield stocks as Goldman warns of worst earnings season since pandemic

Por: MarketWatch Business April 09, 2023

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Analysts cut their outlook pretty aggressively as the economic outlook deteriorated during the first quarter. As a result, operating profits are expected to have shrunk by 6.8% last quarter, according to an average of Wall Street forecasts compiled by FactSet. GOLDMAN SACHS If this comes to pass, it would mark the worst quarterly contraction since the third quarter of 2020, when corporate profits cratered by more than 30% as COVID-19-inspired... + full article



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