5 silly earnings season stock price moves!
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with:
Earnings season is moving along swimmingly.
All things considered, this summer’s reporting period could have really sucked.
Every CEO could’ve blamed Trump trade tensions for misses in any parts of the business. Meanwhile, the results could’ve straight up not justified the valuations we are seeing in a hot market.
About 135 S&P 500 (^GSPC) companies, or 29% of the index’s market cap, have reported earnings at the time of this writing. Sales and earnings have increased by a solid 6.5% and 7.2%, respectively. The average stock price has increased 1% post-results.
But sometimes Mr. Market gets it…
