Credit Suisse Sees Rays of Earnings Light in S&P 500 ForecastsBy
Share of companies raising guidance near 12-year high
Bank of America finds investors rewarding stocks that do so
For all the fretting about the recession in U.S. corporate profits, second-quarter results are providing at least one reason for optimism, according to Credit Suisse Group AG. It’s the number of companies raising forecasts for coming quarters, a ratio that has jumped toward a 12-year high.
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