Traders' Insight: Banks Report Better Than Expected, but Overall Q3 Growth Worsens
Read the full article on Traders' Insight.
Excerpt:
Key Takeaways:
- S&P 500 EPS growth for Q3 is set to come in at 1.6%, the lowest level since Q3 2020 and sinking from the prior week due to downward revisions
- The LERI improves to 93, better than expected but still showing a downward trend in corporate confidence vs the last 4 quarters
- Names to watch this week include: NFLX, TSLA, IBM
- Peak weeks for Q3 season from October 24 – November 11
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