Earnings Recession Is Likely Over
Fourth quarter 2020 corporate earnings season likely will be the last in this earnings recession. Earnings may grow in the first quarter of 2021 and beyond. The economic recovery can drive a rebound in corporate profits. Jeffrey Buchbinder, CFA, Equity Strategist, LPL Financial, states, "As the threat of COVID-19 diminishes and the economy moves toward fully reopening, we anticipate corporate America will begin to showcase its much-improved earnings potential." Read more here.