Salient to Investors:

Robbert Van Batenburg at Newedge Group said:

  • The number of S&P 500 companies that have lowered their quarterly forecasts is at an all-time high, bringing the projected growth rate dangerously close to zero.
  • The brutal US winter is not the only reason for a projected lackluster earnings season because EPS estimates declines have been indiscriminate and across sectors. For example Cliffs Natural Resources, a miner, and Carnival, a cruise operator, have shown the biggest declines in earnings estimates and it does not snow in mines or on tropical cruises.

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