U.S. ECONOMICS: S&P Expects Stronger Earnings From Industrials, Financials, Weaker from Utilities, Energy

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Standard & Poor's researchers expect higher year-over-year earnings this round from industrials, financials and telecom services, while utilities and energy companies are expected to report lower earnings, it said in a report out Monday.

S&P believes that earnings this quarter are being driven by strong Q3 GDP, restructuring costs, and stock repurchase activity, while "headwinds" to earnings include rising interest rates, a stronger dollar, and the impact from the government shutdown.

S&P also expects the impact of holiday spending on Q4 results for the sector could be "significantly tempered by what was likely a highly promotional environment across several retail categories, and by a potential 'crowding out'


of spending on larger ticket items to the potential detriment of smaller discretionary purchases."



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

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