Payne's Perspective: September 3, 2019: Know the Risk & Know the Facts
9/3/2019
The trickle of misinformation has become an avalanche and I fear this kind of stuff which has dominated non-financial news will become the norm in financial media. I’m talking headlines of potential worst-case scenarios instead of headlines of actual economy data and most powerful trends. Amazing data missed or severely under-reported heading into September Corporate Earnings have been remarkable considering we were supposed to see an earnings recession - retail has been remarkable and several companies including Restoration Hardware (RH) and Nordstrom’s (JWN) saying the next round of tariffs will have nominal impact. 496 companies have reported: Revenue
Earnings
Many stocks took off like rockets on earnings news, but some pulled back with the broad market creating numerous investment opportunities. Several Wall Street firms have lowered earnings estimates for the current quarter and I suspect at some point they’ll be right especially considering comparisons to record third quarter corporate profits. Click here to read the full report.
Charles Payne
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