S&P 500 earnings could turn negative for 2019 amid the trade war


Analysts are lowering their earnings estimates for the second half of 2019, and there is a chance earnings for the S&P 500 could be negative for 2019.

In the last two weeks, strategists at Goldman Sachs and Citigroup have reduced 2019 and 2020 earnings estimates for the S&P 500, citing a sluggish economy, trade war threats and potential currency devaluations.

Analysts who study individual stocks also have begun to lower estimates in sectors most affected by global growth and rates: energy, technology, financials and industrials, all of which have been coming down fast in the last several weeks. Here’s a glance at how third-quarter earnings estimates have changed:

Q3 Energy earnings:
July 1:…

Source cnbc.com

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