Watch out for this pitfall heading into the second-quarter earnings season, says CFRA Research

CNBC2021-07-12

It’s the countdown to thesecond-quarter earnings season. The big banks dominate the calendar in coming days, withJPMorgan,Goldman Sachs,CitigroupandBank of Americaall reporting on their recent quarter...

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Comments

mQ
2021-07-12
mQ
Which are pitfall?
TheOptionsGuy
2021-07-12
TheOptionsGuy
Hi
- Thomas9413:
  Good
- shaok:
  Hi
Skyyyyyyyy
2021-07-12
Skyyyyyyyy
what will happen with earnings
Kevin92
2021-07-12
Kevin92
LiKe and Comment
- AdrinaChow:
  Reply with like and comment pls
Astroboy8218
2021-07-12
Astroboy8218
like
- Kevin92:
  LiKe and Comment
Shop
2021-07-12
Shop
alright

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Financials, for example, are expected to see a 115% increase in profit. Industrial earnings are forecast to have risen 330% and consumer discretionary 152%.\nBut with expectations so high, S&P 500 companies have a lofty bar to clear, and good results may not be good enough, said Stovall.\n\"Where will the beats come in? ... There's not a lot of room for error, not a lot of margin for disappointment,\" he said. \"Investors need to be careful about expecting too much of an increase out of the earnings reports. Really, the question is: What kind of growth are we going to see in coming quarters?\"\nStovall expects those companies that disappoint to be \"taken to task for it\" given how much the good news has already been priced into the stock market. He said valuations look fairly stretched at this point. The S&P 500 trades at just under 22 times forward earnings and hit a record high as recently as Friday.\n\"I don't think investors are going to stick around very long with those companies that disappoint. They're going to gravitate toward those that do beat and give the impression that they will likely do so for the rest of the year,\" said Stovall.\nAside from the financials, other notable companies such asPepsiCo,ConAgra,DeltaandUnitedHealthare set to report this week.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":146998614,"gmtCreate":1626048138738,"gmtModify":1703752213070,"author":{"id":"3575883708634905","authorId":"3575883708634905","authorIdStr":"3575883708634905","name":"mQ","avatar":"https://static.tigerbbs.com/f15c6544cce801bf2702a439bc97d760","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3575883708634905"},"htmlText":"Which are pitfall?","listText":"Which are pitfall?","text":"Which are 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pls"}],"langContent":"EN"},{"id":146047258,"gmtCreate":1626046935674,"gmtModify":1703752179132,"author":{"id":"3583209394833661","authorId":"3583209394833661","authorIdStr":"3583209394833661","name":"Astroboy8218","avatar":"https://static.tigerbbs.com/28a74398d0bdb1b93a2a5cf999f75066","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":7,"crmLevelSwitch":1,"idStr":"3583209394833661"},"htmlText":"like","listText":"like","text":"like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/146047258","repostId":1148602850,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5190424,"gmtCreate":1626047199664,"gmtModify":1635231717653,"authorId":3576274545052910,"author":{"id":3576274545052910,"authorId":3576274545052910,"name":"Kevin92","avatar":"https://static.tigerbbs.com/c5ff4addbbdb8d9d15fec29f9709b0c3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":146047258,"type":1,"supId":0,"prevId":0,"content":"LiKe 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