The next test for the highflying stock market begins as companies kick off reporting what could be their biggest quarterly profit contraction in three years https://t.co/hgcZOYjCG6 via @WSJ
— M/1_LP (@MI_Investments) July 15, 2019
Q2 earnings preview:
– 2% Y/Y decline in SPX EPS
– earnings to fall in six of 11 sectors, led by Infotech (-10%) and Materials (-8%)
– median company forecast to grow EPS by 4%
– profit margins to contract 89 bps on labor costs, partially offset by +5% sales growth— zerohedge (@zerohedge) July 14, 2019