"Investors Shouldn't Panic"
While the third-quarter earnings season doesn't officially start until Oct. 7, negative preannouncements are already starting to pile up. On Sept. 10, aluminum manufacturer Alcoa (AA ), a Dow component, warned that it could miss profit estimates by 42%, driving blue-chip stocks down early in the day. And in recent weeks, chipmakers Texas Instruments (TXN ) and National Semiconductor (NSM ) have reduced revenue expectations and warned about softer-than-expected demand. Among the companies due to report this week are Best Buy (BBY ), Campbell Soup (CPB ), Kroger (KR ), and Oracle (ORCL ).
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.