About this episode
(8/1/23) Starbucks, Pfizer, and Merck headline today's earnings reports as earnings season continues, but fewer companies are beating earnings estimates, that those that do aren't being rewarded for their achievement. Maybe that's because companies have lowered estimates (again) to make it easier to clear the bar. The bottom line isn't where the important data lies; it's the top line revenue numbers, and the count of companies beating that number is declining. Markets have been holding up, despite this phenomenon, but as we move into August, earnings numbers will go behind us, and market sentiment is very bullish on an ever-extended market above the moving averages. So a 3- to 5-percent correction this month would not be a surprise. Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton -------- Articles mentioned in this report: "Bullish Measures Are Getting Really Bullish" https://realinvestmentadvice.com/bullish-measures-are-getting-really-bullish ------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Watch the video version of this report by subscribing to our new "Before the Bell" YouTube channel: https://www.youtube.com/watch?v=BoYkSwT_5OM&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Articles mentioned in this report: "Bullish Measures Are Getting Really Bullish" https://realinvestmentadvice.com/bullish-measures-are-getting-really-bullish ------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #EarningsSeason #BeatingEstimates #MarketCorrection #MovingAverages #200DMA #BullMarket #MarketVolatility #Money #Investing