Post by Forever Sunshine on Jul 8, 2012 14:52:31 GMT -5
For almost three years, no matter what has rattled the financial markets — a debt crisis in Europe, high gasoline prices, a slower economy — investors have been soothed by rising corporate profits.
The storyline became as predictable as a soap opera's. But when the latest round of corporate earnings starts rolling in this week, look for a twist: Profits are expected to fall.
"China is still slowing. Manufacturing numbers in the U.S. are weak," says Christine Short, senior manager at Standard & Poor's Global Markets Intelligence. "You can only have so many things working against you."
Stock analysts expect earnings for companies in the Standard & Poor's 500 index to decline 1 percent for April through June compared with the year before, according to S&P Capital IQ, the research arm of S&P.
bottomline.msnbc.msn.com/_news/2012/07/08/12627155-get-ready-for-the-end-of-record-corporate-profits?lite
The storyline became as predictable as a soap opera's. But when the latest round of corporate earnings starts rolling in this week, look for a twist: Profits are expected to fall.
"China is still slowing. Manufacturing numbers in the U.S. are weak," says Christine Short, senior manager at Standard & Poor's Global Markets Intelligence. "You can only have so many things working against you."
Stock analysts expect earnings for companies in the Standard & Poor's 500 index to decline 1 percent for April through June compared with the year before, according to S&P Capital IQ, the research arm of S&P.
bottomline.msnbc.msn.com/_news/2012/07/08/12627155-get-ready-for-the-end-of-record-corporate-profits?lite
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