Medical Stocks Q3 Earnings On Oct 18: JNJ, UNH, CPHD, ISRG
Zacks Investment Research | Oct 16, 2016 09:52PM ET
The Q3 earnings season has just begun and we are yet to get a clear picture of the overall market condition. The season has seen an encouraging start courtesy of stable bank results. However, growth trends are still dreary particularly due to the weaknesses in the energy, transportation and auto sectors.
The energy sector remains a big drag on the aggregate growth picture, with total earnings for the sector expected to be down 68.3% from the same period last year. The transportation sector decline will primarily stem from the legacy air carriers, particularly American Airlines (NASDAQ:AAL) and United Continental (NYSE:UAL) , which are experiencing higher costs. The auto sector’s growth issue is primarily due to lackluster performance by Ford (NYSE:F) .
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