8 Predictions For Tech Stocks In 2020
Despite record highs in the market, the consensus forecast is for an earnings recession with the aggregate S&P 500 expected to fall 2.6% in the fourth quarter. This will mark the fourth consecutive quarter of year-over-year net income declines. When taking into consideration buybacks, which help to reduce companies’ shares, the S&P 500 could post 0.6% EPS growth in all of 2019 compared to 2018’s 23% increase in EPS.
Although sentiment is bordering on euphoria in the market, there are pitfalls to watch out for and winning tech verticals to lean into.