Posted on 08/03/2018 7:27:56 AM PDT by Olog-hai
Investors came into this earnings season with high expectations. They weren’t high enough.
Companies in the S&P 500 are on track to deliver earnings-per-share growth of 24 percent for the second quarter. When the quarter started in April, Wall Street was expecting a 19 percent jump, according to FactSet. So far, about three quarters of the companies in the index have reported.
If the current pace holds, it would mark the second straight quarter that growth has been close to 25 percent.
The big profit gains are an encouraging sign to investors because stock prices tend to track with profits over the long term. Investors are also optimistic because the gains aren’t solely the result of lower taxes. […]
If this does end up being a peak for earnings growth, slower times could be ahead for stocks. The S&P 500 tends to be weak in the six months following a peak in earnings growth, say strategists at RBC Capital Markets. …
(Excerpt) Read more at apnews.com ...
I won’t hold my breath though waiting on my company to give anything back to the workers.
What did they take from the workers?
“What did they take from the workers?”
That is one of my big pet peeves - the whole notion of a successful entity somehow having to “give back to the community” as though they’ve stolen from the “community”.
The only reason that legal successful entities are successful is because they already provide products and services that people need or want so much that they are eager to exchange their money for.
In other words those entities have already given the “community” a lot, they don’t need to be guilted to give even more.
Did I say they took anything? They have received a large tax break and incentives to repatriate money. They will not and have not given raises or bonuses to american workers. Most of us have not received a raise in over 5 years. We are supposed to be happy they do not send the rest of our jobs to India.
The phrase “give back” does imply that something was taken, usually.
As does “repatriate”.
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