25.62 -0.68 (-2.58%)
Pre-Market: 9:18AM EDT
|Bid||26.46 x 1400|
|Ask||26.22 x 4000|
|Day's Range||24.16 - 26.30|
|52 Week Range||20.87 - 44.54|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||16.71%|
|Beta (5Y Monthly)||-1.58|
|Expense Ratio (net)||0.95%|
The third quarter corporate earnings season is looking gloomy and could test a market that has already been rocked by weak economic data and ongoing trade risks. According to FactSet, a number of companies, such as Wynn Resorts Ltd., Macy’s Inc. and Tyson Foods Inc., are already trying to temper investors' expectations ahead of the coming earnings season, warning that Q3 results could be lower than analysts had expected, the Wall Street Journal reports. Wall Street analysts have been cutting back earnings expectations for all 11 sectors in the S&P 500 in recent months as well.
As the earnings season begins, ETF investors should keep in mind that the upcoming quarterly results may come up short compared to what we have been accustomed to. If the estimate for a decline holds up, it would mark the first time the S&P 500 reported two straight quarters of year-over-year earnings declines in three years.
The decade-old U.S. bull market has been threatened by renewed trade fight lately. Investors could ride out the downbeat sentiments through inverse or leveraged inverse ETFs as these products offer big gains in a short span.
As the market is on its way to witness the worst month since December on renewed trade tensions, shorting the same with ETFs could be a good option.