As we head towards the close of earnings season, there is no shortage of drama to challenge investors. Our resident mixologists, Chris Versace, Chief Investment Office and Lenore Hawkins, Chief Macro Strategist pour over the data and the headlines and distill it all down in our latest episode of Cocktail Investing.
As of the end of last week, 81% of the companies in the S&P 500 had reported their results for the March quarter with 78% reporting actual EPS above the mean EPS estimates (above the 5-year average of 70%). If this percentage, or better, ends up being the final for the quarter, it will be the highest percentage of S&P 500 companies reporting actual EPS above estimates since FactSet began tracking the metric in Q3 2008. For top line sales, 77% have reported actuals above, which is a tie with the prior quarter, Q4 2017, for the highest beat rate.
Strong results, yet share prices are not being rewarded. Chris and Lenore discuss why they think investors aren’t rewarding share prices and what surprises they think may be in store for investors in the coming quarters. Lenore talks about how the global economic acceleration narrative is falling apart while Chris digs into what nuggets of insight he was able to mine from earnings calls this season.
Click below the image to tune in for all this and more.
10 Ways to Stay Healthy
More Than 63% Of Companies Are Already Using AI in HR
4 Ways to Make Your Customer Experience Stand Out
Why You Need to Reduce Friction
Leaving the World of Complex Pie Charts, Wall Street Buzz Words and Fancy Suits
Baby Boomer Women Wish They Had Saved More Money for Retirement
How to Take Control of Your Digital Identity
Increase Exposure With These Influencer Marketing Tips
Be Afraid of These Surprising Sales Stats
The Penalty for Insufficient Resources for a Compliance Program
Building Smarter Portfolios10 hours ago
Beware the “Known-Unknowns”
Learn10 hours ago
Cybersecurity Without The Commitment
Development10 hours ago
How Freedom Resulted in $300mm to $800mm in Just 8 Years
Insights2 days ago
How to Start Your Journey to Be Different
Advisor2 days ago
11 Ways the New Tax Law Could Help or Hurt Your Tax Return
Equities2 days ago
How Being Short Enables Investors to Be More Long
Development3 days ago
Being Accountable Will Be The Key to Your Success
Advisor3 days ago
Is Life a Game of Chess or Poker?