Keep an eye on the long tentacles of the Federal Reserve.
soda-sellerOut of the 235 or so S&P 500 companies that have reported third quarter results, sales growth has tallied 5.1% according to data from EvercoreISI's Julian Emanuel. Earnings have expanded 14.5%. Sales and earnings have surprised consensus by 0.6% and 8.9%, respectively.But dig beneath the surface as we do here at Yahoo Finance, and you can see — and sense — growing stress on the financials and future plans of Corporate America.
I am shocked the market isn't picking up on this elongating stress , and how it may shape stock prices in 2024. The other side is existing home sales, which is a very, very big part of our overall demand. And existing home sales, as you all seen are now at sub 4 million, you have to go back all the way back to 2010. So you have this odd situation where you have a structural undersupply of a market, which drives positive on new home sales. But right now, there's just not enough existing homes in the inventory to turn around because everybody's afraid of losing attractive mortgage rates, etc.
TSX dividend stocks such as Brookfield Asset Management are well positioned to deliver steady gains to shareholders. The post 2 Top TSX Cash Cows You Should Be Buying Right Now appeared first on The Motley Fool Canada.TORONTO — Five things to watch for in the Canadian business world in the coming week: Air Canada results Air Canada will report its third-quarter results and hold a conference call with investors before financial markets open on Monday.
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