FYI: Here’s the challenge when something’s as good as it gets: What comes next?
Companies across industries are in the midst of reporting another quarter of gargantuan profit growth, driven by lower tax bills and a growing economy. Amazon said its net income surged more than tenfold during the summer from a year earlier, for example.
Yet stock prices are not getting the boost that they usually do when companies report better-than-expected earnings. On the flip side, investors have punished stocks much more severely when companies have fallen short of profit expectations.
Regards,
Ted
https://www.seattletimes.com/business/investors-wonder-if-earnings-growth-is-as-good-as-itll-get/
