For corporate profits, is this as good as it gets? - News Summed Up

For corporate profits, is this as good as it gets?


Wall Street analysts anticipate a sharp deceleration in profit growth — to about 10% — next year. Jitters about an earnings growth slowdown led to a rude awakening in the markets after many companies reported impressive results. Related: Rising costs start to squeeze American businessesThe good news is that more muted profit growth doesn't need to doom the nine-year bull market in stocks. Although an "earnings growth slowdown is coming next year," Morgan Stanley equity strategist Michael Wilson argues it's already been "priced in." Of course, an actual trade war would make concerns of peak earnings growth look quaint.


Source: CNN May 06, 2018 11:48 UTC



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