Corporate earnings are looking strong right now, but analysts and investors aren’t too excited about what lies ahead. Just a third of fund managers surveyed by Bank of America Merrill Lynch expect global profits to improve over the next 12 months. In the U.S., analysts currently forecast S&P 500 earnings growth of 5.2% for the July-to-September period, according to FactSet.
Economic expansions tend to go on until something kills them. Today, not many dangers lurk.
The market is near all-time highs but struggling to make headway, a difficult time for active investors. Wal-Mart, Electronic Arts and Adobe are among stocks hitting buy points this week in light volume.