April 22, 2020Filed under: Weekly Market Commentary

IS THE EARNINGS BAR LOW ENOUGH?

Jeffrey Buchbinder, CFA, Equity Strategist, LPL Financial Ryan Detrick, CMT, Senior Market Strategist, LPL Financial

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Boone Wealth Advisors

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This earnings season will be unlike any other, as travel restrictions and lockdowns related to COVID-19 have impacted results dramatically. The biggest economic hits came in mid-March, however, and won’t be fully captured in first quarter results. This makes company guidance particularly important as market participants look for clues into what earnings may look like for the rest of the year.

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