How earnings surprises can point to future market winners
It’s been a bad year for professional forecasters, especially those who failed to call the results of both the EU referendum and US election. As for those who predicted that a vote for Brexit and a victory for Trump would cause a stock market collapse… so far they’ve been wrong, too. It’s a reminder just how cautious you have to be when it comes to relying on any kind of forecast. For investors in particular, the predictions of analysts need careful handling.It’s undeniable that earnings forecasts are woven into the fabric of the stock market. Читать дальше...
