Earnings Predictions for the Week Beginning October 16, 2017
Profit From Earnings Predictions
and the earnings season hype!
Earnings season heats up in the week ahead, as third-quarter corporate earnings season kicks into high gear, with dozens of major companies reporting third-quarter earnings.
Companies reporting include Netflix on Monday; Johnson & Johnson, IBM, Goldman Sachs and UnitedHealth on Tuesday; United Continental and Abbott Labs on Wednesday; Verizon and Blackstone on Thursday, and GE, Procter & Gamble and Honeywell on Friday.
Third-quarter earnings should be fairly strong, but overall growth could look poor, thanks to hurricanes Harvey, Irma and Maria.
Analysts expect earnings to be an overall positive for the stock market, which was quiet in the past week but continued its upward trajectory to new highs.
Technology, which has gained 29 percent this year, topping all sectors, is expected to post a 12.2 percent increase in third-quarter profits.
If history is a guide, the going will continue to be good for stocks into the end of the
Best of Trading,