With close to 20 per cent of the SP 500 companies having reported, year-over-year operating earnings growth for the third quarter at 14.9 per cent appears in line (versus above consensus for recent quarters) but still good,
More Quotes from Subodh Kumar:
I think the whole small cap area will do well and that's another sign of the broadening out of leadership.Subodh Kumar
Generally, I don't think it will be a damper on earnings. There are some things you can measure like near-term revenue loss because restaurants have been shut off and stores have been shut off. But if you look at previous disasters like Hurricane Andrew, the expenditure on replacement of homes and capital goods and spending on things like supplies for workers was quite strong.
Subodh Kumar
It may be simply part of the maturation process of becoming an international company, ... But as an individual investor, you should think about whether you want to be in a company that makes these kinds of mistakes.
Subodh Kumar
Market players are very reluctant to make strong commitments until they get signals that operating earnings are starting to improve.
Subodh Kumar
Stocks suffered today as concerns about inflation, higher oil prices, earnings and a new hurricane mounted. The outlook is a bit uncertain, and uncertainty is never good for stocks.
Subodh Kumar
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