Goldman Sachs: From the 2020 election to capital expenditures - here's what corporate executives talked about the most during the third quarter
- Earnings season is coming to a close and Goldman Sachs analyzed troves of investor call transcripts to determine the three most important themes from the third quarter.
- Corporate executives had a lot to deal with during the quarter - from the ongoing US-China trade war to concerns of a slowing global economy.
- Here are the three biggest takeaways from the third-quarter reporting season, according to Goldman Sachs.
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With the latest earnings seasons approaching its end, Goldman Sachs took a look at the three biggest themes to take away from the third quarter.Corporate executives had to grapple with a number of challenges during the period including uncertainty around the outcome of the trade war between the US and China, as well as a potential economic slowdown in major markets across the globe. Advertisement
Companies affected by macro trends will often provide commentary during earnings calls on what's going on in the broader economy and how it's affecting their businesses.
Investors and analysts were eager to see how companies in sectors such as consumer products and manufacturing are weathering existing tariffs and preparing for additional duties as the trade war continues.Heading into earnings season, there was also a focus on the slowing rate of share buybacks. Stock repurchase programs have been a major driver of the decade-long bull market.
Here are the three biggest takeaways from the third quarter, according to Goldman Sachs:
3. Policy uncertainty
2. Corporate spendingAdvertisement
3. Politics and the 2020 election
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