Emerging themes from the August 2019 reporting season
In this week’s video insight Stuart wraps up reporting season and identifies common themes. Outlook statements provided by companies generally disappointed, with forecasts for 39 per cent of companies being downgraded as compared to just 18 per cent of company earnings forecasts being upgraded. In terms of sector performance, the most significant detractor was the mining sector, with the large iron ore stocks giving back some of their stellar gains for the calendar year to date.
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