US futures ES 1197.75 +8.00 +0.67% had been down overnight due to poor earnings from Alcoa, downgrades of Spanish banks, and news that Slovakia had failed to pass bailout plan.
European markets opened down, and then about an hour into trading, stag…
Tag Archive for Corporate Earnings Reports
Charts, Economics
Earnings Death or Taxes
by Lee Adler • • 0 Comments
Weak corporate tax collections in the first quarter and through April 11 could mean that many quarterly earnings reports may surprise the market by failing to meet analysts’ inflated expectations. Either corporate profits are falling sharply or else corporations have suddenly become much savvier about offshoring income and avoiding taxes. While they may be getting…
