Investors Review Financial Reports to Determine Stock Market Recovery
Profit reports for the first quarter are becoming available and investors are hopeful for improvements due to heavy cost-cutting efforts. In fact, compared to last year’s results, it won’t take much for companies to post better numbers. In addition to streamlined operations, companies got support from heavy government stimulus spending and record-low interest rates. Investors will be looking for companies to sustain improvements without government assistance going forward. Stu Schweitzer, global markets strategist at J.P. Morgan’s Private Bank in New York mentioned that the forecasts that companies provide often are far more important than the earnings they report because investors…
