Practical analysis for investment professionals
15 November 2013

Weekend Reads for Investors: Negative Vibes

Posted In: Weekend Reads

While they are still trickling in, by and large, third quarter earnings have met the diminished expectations of Wall Street and, as we’ve previously noted, equity markets markets continue to be supported by accommodative central banks. Ultimately, however, companies will need to deliver when it comes to the bottom line. And if the rate of negative earnings preannouncements is any indication, we may be in for some disappointing news ahead. According to Thomson Reuters, the current ratio of negative to positive preannouncements for S&P 500 companies is at its highest level on record, dating back to 1995. As the year’s final quarter unfolds, this news may prove increasingly hard for markets to digest.

Here are some worthwhile reads (and videos) you may have missed in recent weeks.

Strategic Thinking

Tesla Unplugged

Structural Reform

Behavioral Issues

Emerging Markets

Asia in Focus

Hedge Hogs

Please note that the content of this site should not be construed as investment advice, nor do the opinions expressed necessarily reflect the views of CFA Institute.

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About the Author(s)
David Larrabee, CFA

David Larrabee, CFA, was director of member and corporate products at CFA Institute and served as the subject matter expert in portfolio management and equity investments. Previously, he spent two decades in the asset management industry as a portfolio manager and analyst. He holds a BA in economics from Colgate University and an MBA in finance from Fordham University. Topical Expertise: Equity Investments · Portfolio Management

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