<h2>S&P 500 Earnings Set to Plunge as the Coronavirus Batters All Sectors</h2> <a href="https://icarussignals.com/wp-content/uploads/2020/07/SP-500-Earnings-Set-to-Plunge-as-the-Coronavirus-Batters-All-Sectors.jpg" data-elementor-open-lightbox="yes" data-elementor-lightbox-title="S&P 500 Earnings Set to Plunge as the Coronavirus Batters All Sectors" data-elementor-lightbox-description="S&P 500 Earnings Set to Plunge as the Coronavirus Batters All Sectors"> <img width="300" height="191" src="https://icarussignals.com/wp-content/uploads/2020/07/SP-500-Earnings-Set-to-Plunge-as-the-Coronavirus-Batters-All-Sectors-300x191.jpg" alt="S&P 500 Earnings Set to Plunge as the Coronavirus Batters All Sectors" srcset="https://i2.wp.com/icarussignals.com/wp-content/uploads/2020/07/SP-500-Earnings-Set-to-Plunge-as-the-Coronavirus-Batters-All-Sectors.jpg?resize=300%2C191&ssl=1 300w, https://i2.wp.com/icarussignals.com/wp-content/uploads/2020/07/SP-500-Earnings-Set-to-Plunge-as-the-Coronavirus-Batters-All-Sectors.jpg?w=440&ssl=1 440w" sizes="(max-width: 300px) 100vw, 300px" /> </a> <p>The one certainty about the outlook for companies in a COVID-19 world is that second-quarter earnings will be very bad — the worst, in fact, in more than 10 years.
Although Wall Street is betting that earnings will start bouncing off the bottom in the third quarter, the beginning point for that bounce is unknown, and early indications suggest the rebound’s magnitude may not match investors’ hopes.
As usual ahead of earnings season, since the reports cover the three-month period that has already passed, what companies say about the current quarter or the full year is more important than the results they’re reporting. But this earnings season may be different, as uncertainty over the impact of the COVID-19 pandemic has led many companies to withdraw guidance, leaving analysts more blinkered than usual when setting estimates. Read more…………..
Chart Of The Day
Chris Retzler, Needham Small Cap Growth Fund Portfolio Manager joins the On the Move panel to discuss the latest in the markets.