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How Earnings Season Is Setting Up Stocks for a ‘Bear Market Trap’

Por: MarketWatch Business January 26, 2023

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Overall, “fear mongering lowered the [earnings] bar,” wrote Chris Harvey, chief U.S. equity strategist at Wells Fargo.  With 95 companies having reported, aggregate earnings per share for them are 1.7% higher than analyst expectations, according to Refinitv, with 67% of the companies topping estimates. Those stats aren’t stellar. Companies have, on average, reported earnings 4.1% above those expectations since 1994, with 66% beating... + full article



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