This earnings season, it’s clear there’s one thing on everyone’s minds… According to Reuters, of the S&P 500 companies that have reported so far, 90% have referenced “tariffs” in their quarterly reports. I expect that trend to continue, as we still do not have a clear picture of what comes next in this ongoing U.S.-China trade war.
Of course, developments on that front can move the entire market, up or down. But we remain confident this is still a “stock picker’s market.” Case in point: the stark difference in the earnings reports of two of the largest U.S. defense contractors this week.
Let’s have a look there, and then we’ll give you a heads-up on the firms scheduled to report this coming week…
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