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Stock impact report

India's Record 11-Month Stock Rally Is at Risk as Profits Cool [Yahoo! Finance]

Equitable Holdings, Inc. (EQH) 
Last equitable holdings, inc. earnings: 2/26 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Brokerages predict that companies in the benchmark NSE Nifty 50 Index will either report flat or low single digits profit gains for the quarter ended September. Earnings may expand at the slowest pace in more than four years, Jefferies Financial Group Inc.'s analysts forecast for their coverage universe excluding oil and gas. The benchmark gauge has dropped almost 3% in October, paring the year's gains to over 15%. That's fueling speculation it may have topped out in September following a stellar run, before an exodus of global funds toward China. The earnings slowdown is being driven by weakening consumer spending and increasing commodity prices. “There is a visible loss in macro momentum,” said Rajat Agarwal, an Asia equity strategist at Societe Generale in Bengaluru. “We are clearly seeing a downside risk to consensus estimates, and that can weigh on the market at these valuations.” Analysts at Sanford C. Bernstein & Co. and Macquarie Capital Secur Show less Read more
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