💸📉 Da economy stay slowin’ down, Wall St. stayin’ worried as dour earnings loom ova. 💰
Da largest companies in da country stay gettin’ ready fo’ report der results fo’ da start of da year, but da outlook not lookin’ good. Wall Street’s forecasters stay predictin’ dat profits in da first three months of 2023 stay fell almost 7 percent from da year before, marking da second consecutive quarterly decline. 😔
Inflation stay still goin’ up and da recent banking scare stay causin’ some investor caution. 78 companies in da S&P 500 stay offerin’ guidance about der results dat stay below da average Wall Street estimate. Dis not uncommon, but it stay rare fo’ da low forecasts to be so widespread. Investors stay anxious fo’ da big banks like JPMorgan Chase, Citigroup, and Wells Fargo to report results as dey want to hear what’s goin’ on in da industry. 💸🏦
But it not just da banking sector dat stay affectin’ da economy. Inflation stay makin’ it hard fo’ companies to keep raisin’ prices on der customers. Materials companies, like mining businesses and commodities manufacturers, stay expectin’ a decline in earnings as fears over a slowdown in global growth stay sappin’ demand fo’ commodities like copper and aluminum. Communications and technology companies also stay expectin’ sharp declines in earnings. 💻📉
Meanwhile, big oil producers like Exxon Mobil and Chevron stay expectin’ double-digit earnings growth for da fifth consecutive quarter. Delta Air Lines, one of da first big companies to report earnings, stay reflectin’ a mixed outlook within its own results. 💰
Despite da worsening outlook, stock prices still stay up. The S&P 500 stayin’ buoyant, movin’ sideways in April but climbin’ 7 percent fo’ da year. Analysts and bankers say investors stay already positioned fo’ da bad news, which may help support market prices even as weak earnings reports roll in. 📈
But da counterargument is dat investors haven’t had to face a meaningful slump yet, and da new data could change dat. Da outlook fo’ different sectors of da stock market stay varyin’ widely, so it’s important to keep an eye on da details. 🕵️♀️
Overall, it’s a tough time fo’ Wall St. and da economy. Everyone stay waitin’ fo’ da big banks to report, and investors stay anxious about what da future holds. 💸🏦📉
NOW IN ENGLISH
💸📉 The economy is slowing down, and Wall Street is becoming increasingly worried as gloomy earnings reports loom over the horizon. 💰
The largest companies in the country are preparing to release their results for the first quarter of the year, but the outlook is not looking good. According to estimates gathered by FactSet, Wall Street’s forecasters predict that profits for the first three months of 2023 fell almost 7 percent from the previous year, marking the second consecutive quarterly decline. 😔
Inflation is still on the rise, and a recent banking scare has caused some investor caution. Seventy-eight companies in the S&P 500 have offered guidance about their results, which are below the average Wall Street estimate. While this is not uncommon, it is rare for the low forecasts to be so widespread. Investors are eager to hear from big banks like JPMorgan Chase, Citigroup, and Wells Fargo about what’s happening in the industry. 💸🏦
However, it’s not just the banking sector that is affecting the economy. Inflation is making it difficult for companies to keep raising prices for their customers. Materials companies, such as mining businesses and commodities manufacturers, are expecting a decline in earnings as fears over a slowdown in global growth are reducing demand for commodities like copper and aluminum. Communications and technology companies are also expecting sharp declines in earnings. 💻📉
Meanwhile, big oil producers like Exxon Mobil and Chevron are expecting double-digit earnings growth for the fifth consecutive quarter. Delta Air Lines, one of the first big companies to report earnings, is reflecting a mixed outlook within its own results. 💰
Despite the worsening outlook, stock prices are still up. The S&P 500 is staying buoyant, moving sideways in April but climbing 7 percent for the year. Analysts and bankers say that investors are already prepared for the bad news, which may help support market prices even as weak earnings reports come in. 📈
However, the counterargument is that investors haven’t yet faced a meaningful slump, and the new data could change that. The outlook for different sectors of the stock market is varying widely, so it’s important to keep an eye on the details. 🕵️♀️
Overall, it’s a challenging time for Wall St. and the economy. Everyone is waiting for the big banks to report, and investors are anxious about what the future holds. 💸🏦📉
