NEW YORK (Reuters) – The upcoming earnings season may not be the time for investors to buy aggressively, because this year's winners already reflect earnings optimism.
The first-quarter reporting period, which begins Monday with results from aluminum company Alcoa Inc (AA.N), follows three months of solid gains that have brought stocks close to two-and-half-year highs.
Some gains have been in anticipation of a strong earnings season, particularly for the energy and other cyclical sectors, analysts said, raising questions about whether this quarter's reports will be enough to keep the recent uptrend intact.
via news.yahoo.com
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