Stocks are courting a nasty surprise on earnings

Stocks are courting a nasty surprise on earnings
The market is on edge heading into the next Fed monetary policy decision. (Image: Bloomberg)
Bloomberg
By Jonathan LevinWall Street analysts have trimmed their overly optimistic earnings estimates slightly in recent months, but they’re still nowhere close to acknowledging the threat of a recession. That leaves the market especially vulnerable if other companies follow FedEx’s move to withdraw its profit guidance by lowering their own outlooks.FedEx’s decision late on Thursday sent its shares tumbling the most since 1980 and came amid a growing disconnect between the macroeconomic outlook and analysts’ earnings projec...

More Opinion

ABL – Always be learning
Opinion

Simon Robertson: ABL – Always be learning

"If you see something interesting and are early, learn it fast, maybe buy it."

Simon Robertson 24 May 2025
The elephant in the room
Policy Opinion

Katrina Van Houtte: The elephant in the room

Budget 2025: Cross-parliamentary consensus is needed for infrastructure projects to flow. 

Budget 2025: Shuffled deck, shifted dial
Opinion

Pattrick Smellie: Budget 2025: Shuffled deck, shifted dial

One initiative does most of the heavy lifting in the 'growth' Budget.

Pattrick Smellie 22 May 2025
Trans-Tasman sovereign innovation tech power
Opinion

Peter Griffin: Trans-Tasman sovereign innovation tech power

It's time to talk about how we join forces to develop sovereign tech capability.

Peter Griffin 21 May 2025