Download hoyle board games windows 102/11/2023 ![]() ![]() Over at Deutsche Bank, chief equity strategist Binky Chadha recently crunched the Q3 numbers, and found some noise in otherwise strong results. So are we free and clear from the inflationary and supply chain worries that were giving investors the vapors only weeks ago? That’s well above the historical average of 66%, the firm notes, even though the ratio of negative pre-announcements to positive ones (0.8) is running well below the long-term average (2.6). In fact, of the more than 140 S&P 500 companies that have reported earnings thus far, nearly 82% of them have beaten Wall Street’s estimates, according to Refinitiv data. Unless your name is Robinhood ( HOOD) (a pox on those mercurial retail traders) - but certainly if you’re the high-flying technology stocks like Alphabet ( GOOG), Microsoft ( MSFT) and Facebook ( FB)- you’re among the lucky group beating Q3 expectations by a mile. ![]() We’re knee-deep into the third quarter earnings season, and thus far results are mostly defying the implications of ships idling in the Pacific Ocean staked to the brim with goods they can’t deliver - or an outraged public wielding digital pitchforks. Wednesday, OctoSupply crisis and energy may still bite Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. This article first appeared in the Morning Brief. ![]()
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