FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., June 4, 2019. REUTERS/Brendan McDermid/File Photo

A new Goldman Sachs report detailed four key themes observed across second-quarter earnings calls.
The report includes statements from 60 members of the S&P 500.
Company executives frequently mentioned the US-China trade war, increased pressure against profits, slowing global economies, and recent interest rate cuts.
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Second-quarter earnings season is all but wrapped up, and a bevy of earnings calls detailed some commonalities across industries.

Company executives highlighted four main themes during second-quarter calls, according to a Goldman Sachs report. Commentary from 60 members of the S&P 500 focused on the US-China trade war, increased pressure on margins, global economic growth, and lowered interest rates.

Here’s what companies said on these four topics, along with some specific company examples.

1. Minimizing trade war impact

Many corporate managers noted their plans to sit back and take a more patient approach as they monitor the financial impact of upcoming tariffs. President Trump announced Tuesday he would delay a portion of the next set of duties on Chinese goods, which were previously set to hit September 1.

Some popular strategies for mitigating trade-war costs were moving manufacturing away from China, divesting from Chinese businesses, passing the costs to consumers, and boosting domestic productivity. …read more

Source:: Businessinsider – Finance


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