Companies Missing Earnings Are Getting Pummeled In Reporting Season

Companies missing earnings estimates by more than 10% to the downside have gotten pummeled in reporting season, says Kevin Gordon. He discusses the takeaways from 3Q earnings season, and if big tech is still a monolith. He notes that more than all of the growth in 3Q can be attributed to net exports. He then goes over why companies can't miss this earnings season, highlighting the tech sector P/E ratio versus EPS. Tune in to find out more about the stock market today.

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31 Oct 2022

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