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Earnings forecasts suddenly stopped to surge

Investors are watching very carefully the earnings estimates as we are approaching the end of the third quarter, not only for the third but also for the forth quarter, for clues for how stocks will trade in the final months of this year.

The earnings estimates have been aggressively rising this year, as of today they are expected to grow over almost 50%!

The actual earnings reports have beaten the analysts estimations by very large margins so far, forcing future estimates to be revised higher.

But lately the earnings forecasts suddenly stopped to surge as the market players are waiting for the Fed's hints. FedEx and Adobe are set to report earnings after the bell today.

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