On the surface, fourth quarter earnings season looks set to deliver another stream of modest profit growth, poor sales growth, and an abundance of companies that beat analyst expectations that have been sharply reduced.
And yet beneath the surface of this all-too-familiar charade lies a different story, says John Butters, senior earnings analyst at FactSet. A story where hidden pockets of excellence have a way of distorting the big picture.
“The overall growth rate for the quarter (for the S&P 500) is six percent, but really it’s a story of the financial sector,” Butters says in the attached video. (more)
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