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Commentary
Later this week, financial stocks will launch their third-quarter earnings season, and I expect most of the large banks will post strong results. At the same time, their loan loss reserves will be closely scrutinized for possible higher reserve increases for consumer defaults. Then, next week, other sectors will follow.
Some leading tech stocks have already reported earnings, and we’re seeing some record earnings for semiconductor and memory manufacturers. Last Thursday, Samsung Electronics reported that its third-quarter earnings surged 780.3% to $80.2 billion, while sales soared 126.6%. Samsung Electronics is the world’s largest memory chip manufacturer, and its amazing results bode well for memory stocks….
Later this week, financial stocks will launch their third-quarter earnings season, and I expect most of the large banks will post strong results. At the same time, their loan loss reserves will be closely scrutinized for possible higher reserve increases for consumer defaults. Then, next week, other sectors will follow.
Some leading tech stocks have already reported earnings, and we’re seeing some record earnings for semiconductor and memory manufacturers. Last Thursday, Samsung Electronics reported that its third-quarter earnings surged 780.3% to $80.2 billion, while sales soared 126.6%. Samsung Electronics is the world’s largest memory chip manufacturer, and its amazing results bode well for memory stocks….
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