#EUR looking for a way to test 1.182, on the other hand i am expecting USD to appreciate.
A strong movement in USD will modify valuations of companies around the world. If that movement tie with US Treasuries, we can experience major Flows around the world.
#EUR looking for a way to test 1.182 pic.twitter.com/Zvv9eNaABx
— Mario Randholm (@MarioRandholm) September 21, 2018
Earnings Update from Reuters
- Second quarter earnings are expected to increase 25.0% from Q2 2017. Excluding the energy sector, the earnings growth estimate declines to 21.9%.
- Of the 500 companies in the S&P 500 that have reported earnings to date for Q2 2018, 80.4% have reported earnings above analyst expectations. This is above the long-term average of 64% and above the average over the past four quarters of 75%.
- Second quarter revenue is expected to increase 9.5% from Q2 2017. Excluding the energy sector, the revenue growth estimate declines to 8.3%.
- 72.1% of companies have reported Q2 2018 revenue above analyst expectations. This is above the long-term average of 60% and above the average over the past four quarters of 72%.
- For Q3 2018, there have been 76 negative EPS preannouncements issued by S&P 500 corporations compared to 39 positive, which results in an N/P ratio of 1.9 for the S&P 500 Index.
- The forward four-quarter (3Q18 – 2Q19) P/E ratio for the S&P 500 is 17.3.
- During the week of Sep. 24, eight S&P 500 companies are expected to report quarterly earnings.