February Reporting Season Blues
August last year was, simply put, disappointing. And February last year wasn't genuinely encouraging either. What should investors expect from this year's February reporting season? If indications are anything to go by, things are not looking upbeat. A repeat of August last year seems to be in the making, only this time around we will see many more bad news announcements from miners and energy companies. Arguably, this is not new and should be priced in. But analysts are still seeing plenty of room for further negative surprises. Macquarie is worried a bad reporting season might remove valuation support and allow indices to fall further on ongoing macro concerns. Share buybacks will be in focus and dividends and yield remain on everybody's radar. My preview (VIEW LINK)
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