10-18-2022 – Earnings Contraction Seen but Not a Widespread Collapse
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 19 October 2022
⏱️ 46 minutes
🧾️ Download transcript
Summary
Thirty- five companies have reported third-quarter earnings so far, and 68.5% have beaten estimates-- higher than the historic average of 66.2%.
Today's Stocks & Topics: Money Managers, Exxon and Russia, WM - Waste Management Inc., Bond Maturities, TGI - Triumph Group Inc., Yield to Maturity, VFC - VF Corp., EXAS - Exact Sciences Corp., Oil Market Indicators, POOL - Pool Corp., CS - Credit Suisse Group AG ADR.
TRIVIA QUESTION: "Among working-age individuals (ages 15 to 64), WHAT is the most common type of retirement account? AND-- how do the numbers break down?"
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Transcript
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| 0:00.0 | This is Invest Talk, independent thinking, shared success. |
| 0:08.9 | Just and client and Steve Peasley, stand ready to take your finance and investment questions |
| 0:14.2 | and share their unbiased answers. |
| 0:17.6 | Invest Talk is made possible by KPP Financial, a registered investment advisor firm, serving |
| 0:23.2 | clients throughout the United States. |
| 0:26.1 | The clarity for your path forward starts now. |
| 0:30.5 | Here is KPP Financial President, Financial Advisor, Steve Peasley. |
| 0:36.4 | Good afternoon everybody, welcome to Invest Talk. |
| 0:41.4 | Well what day is it? |
| 0:42.4 | Today is the 18th Tuesday, October 18th, 2022. |
| 0:49.0 | And we're now in the fourth quarter, we're well into the fourth quarter, so we're well |
| 0:53.6 | into what? |
| 0:54.8 | I think we had 80 or so of the S&P 500 companies report their earnings. |
| 0:59.6 | Next week we'll get a ton of earnings coming out, so next week is going to be interesting. |
| 1:04.4 | So far the earnings have not been too bad, and that's why one of the reasons why the |
| 1:07.8 | market is looking okay. |
| 1:09.3 | And an updated day had a big update yesterday. |
| 1:13.1 | So we'll see how that turns out, because we got a lot more numbers to come forward. |
| 1:19.6 | So I'm Steve Peasley, my chapter here on this radio program in podcasts is to help |
| 1:24.4 | you make the most of your portfolio strategy decisions. |
| 1:29.0 | And I hope you've made a lot of them, because we have been dealing with this bear market |
| 1:32.8 | since the first of January. |
... |
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