Closing Bell Overtime: Let it Ride or Ring the Register? 1/23/23
Closing Bell
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Is a Mild Recession a Very Dirty Outcome?
The equity market isn't pricing in a very dire outcome and certainly not at these earnings estimates either. We'll see what Microsoft tells us obviously last quarter Azure had some problems people are going to be watching that again because of energy costs. Lockheed and Union Pacific to names that we're pretty keen on will hit on the upside with their earnings releases this week. The street often misses kind of that small incremental earnings growth and we see that trickling through in the mobility of the global consumer so brands like Estee Lauder Nike Starbucks.
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