The Real Number to Look for as Companies Report Results

Total Wealth Staff Apr 15, 2019

The Goldman Sachs Group Inc. (NYSE:GS)’s first-quarter profits fell 21% YoY, and now, many Wall Street analysts are bracing themselves for an “earnings recession” – meaning profits are expected to shrink for a second-consecutive quarter. Keith joins Varney & Co. shortly after the opening bell and talks about why many analysts’ thinking can be critically flawed in this situation – and the real number to look for as companies report their results. Plus, why Netflix Inc. (NasdaqGS:NFLX) and The Walt Disney Co. (NYSE:DIS) are playing different streaming games… but also why the latter might be “ahead of itself.”

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