3Q Earnings: Financials, Homebuilders Expected Weak; Tech, Industrials Expected Strong

October 9, 2007 at 9:38 am  ·  Category: Market Commentary

3rd quarter earnings “officially” kick off today with Alcoa announcing earnings after the close.

Analysts are expecting just 1% profit growth for the S&P 500, down from about 4% a week ago, according to this Investor’s Business Daily article.

Financials and homebuilders are expected to be very weak while hope for strength appears to rest with technology and industrial companies.

Posted by Greg Feirman  ·  Trackback URL  ·  Link

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