FYI: Investors would have to squint—really squint—to see any blemishes in Corporate America’s latest quarterly results. Third-quarter earnings for companies in the S&P 500 are on track to rise 22.5%, down only slightly from the blistering 25% pace in the second quarter, according to FactSet.
And yet, investors have given companies virtually no credit for outperforming Wall Street expectations. Indeed, the stocks of companies that have exceeded estimates have actually fallen 1.5% on average, the worst such performance since the second quarter of 201
Regards,
Ted
https://www.barrons.com/articles/earnings-schmernings-when-the-value-of-the-numbers-declines-1540600112
