Reported about 6 hours ago
As the third quarter earnings season begins, Interactive Brokers' strategist Steve Sosnick emphasizes the importance of company guidance over just exceeding EPS estimates. He notes that while many companies beat earnings expectations, the key factor will be whether they can sustain a favorable economic environment that supports continued growth. Sosnick warns of the risks associated with high valuations and the necessity for companies to provide reassurance regarding future earnings prospects.
Source: YAHOO