Investors have likely already discounted good Q2 earnings
Palash R. Ghosh
Second-quarter earnings -- which will be launched by Alcoa's ( NYSE AA) profit report next week -- are expected to beat analysts' estimates across the board, but they are unlikely to match the huge year-over-year gains witnessed in the first quarter.
Regardless, investors have probably already assumed that second-quarter profits will come in fairly good – and are casting a wary eye onto the third and fourth quarters and beyond, as macroeconomic problems increasingly darken the investment landscape.
Read Full Article