Industrial earnings take center stage in third quarter with trade, economy in focus

Third-quarter industrial sector earnings follow a closely watched survey earlier this month that showed U.S. manufacturing activity tumbled to a more than 10-year low in September. Industrial companies also are among those most at risk from the lingering trade dispute between the United States and China."This third quarter earnings season is going to be really important for industrials,” said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana.

The industrial stock sector has climbed over 19per cent this year, slightly ahead of the 18.5per cent gain for the overall S&P 500 . But while the broader market has hit all-time highs this year, the industrial sector has yet to breach its record peak from early 2018 and currently trades about 5per cent below it.

Expectations for a sharp increase in overall earnings next year rests in part on the economy avoiding a recession, said Omar Aguilar, chief investment officer of equities and multi-asset strategies at Charles Schwab Investment Management in San Francisco. U.S. and Chinese officials culminated talks in Washington last week with U.S. President Donald Trump outlining the first phase of a deal to end their trade war, including suspending a threatened tariff hike.

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jackspeed Corp H1 net profit dips 4.6% to S$3.2mJACKSPEED Corp, the leather trim manufacturer for car seats, on Monday posted a first-half net profit of S$3.2 million, down 4.6 per cent from the same period a year earlier. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Lian Beng Q1 net profit up 21.3% on associates' profitsLIAN Beng Group saw its first-quarter net profit rise 21.3 per cent from the same period a year earlier despite a drop in gross profit, as associates' losses swung into profits for the three months ended Aug 31. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Singapore economy grows 0.1% in Q3, avoids technical recessionSINGAPORE: The Singapore economy grew 0.1 per cent on a year-on-year basis in the third quarter, advance estimates from the Ministry of Trade and ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

What to watch in third quarter earnings from US companiesU.S. companies are preparing to report third-quarter results following a rocky few months in which they grappled with a U.S.-China trade conflict ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Stocks pause on unsettled trade deal; earnings eyedWall Street edged lower on Monday as uncertainties following recent U.S.-China trade negotiations clouded sentiment and investors turned their ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

'Magic from Japan': How 'unique' style took Brave Blossoms to Rugby World Cup quarter-finalsJapan weren't expected to reach the Rugby World Cup quarter-finals, but they have confounded their critics and surprised the sport by unleashing a ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »