Here are the 5 biggest winners and losers of earnings season
- Third-quarter earnings seasons is almost wrapped up, with the vast majority of S&P 500 companies have reported as of the beginning of November, according to Bank of America Merrill Lynch.
- Earnings results are pointing to an overall 2% bottom-line beat for quarter, BAML's analysts wrote in note to clients on November 3.
- Here are five of the biggest winners and losers from the third-quarter earnings season.
- Visit the Business Insider homepage for more stories.
With earnings season winding down, Markets Insider took a look at some of biggest winners and losers from the third quarter now that the vast majority of companies have reported.
According to analysts from Bank of America Merrill Lynch, overall S&P 500 earnings will come in about 2% above estimates."While still below peak levels, corporate margins have remained resilient despite tariffs and wage inflation," the firm wrote in a note to clients on November 3.
Investors and analysts have likely been looking for signs of a slowing economy in the form of pressured earnings as uncertainty around the US-China trade war and global growth concerns persisted throughout the quarter.
UBS expects an earnings recession could be on the horizon amid a cloudy macroeconomic backdrop. The firm wrote in a note to clients on Tuesday that the year-over-year growth rate for S&P 500 forward earnings has fallen to less than 1%, from 23% about 14 months ago.
Markets Insider compiled a list of companies that posted strong single-day share gains following their earning's releases, in addition to stocks that plunged after disappointing results.
Here are five of the biggest winners and losers from the third-quarter earnings season. Each group is listed in increasing order of single-day stock move: