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Johannes Eisele | AFP | Getty Images
A shopkeeper bursts out laughing in front of the closing bell of the floor of the New York Stock Exchange (NYSE) on February 1, 2019 in New York.
According to The Earnings Scout, nearly half of the S & P 500 companies have announced results so far. About 70% of them exceed badysts' expectations.
"However, sales rates are below last quarter as sales rates and earnings growth from one year to the next have slowed," said Nick Raich, CEO of The Earnings Scout. , in a note to customers. "More importantly, expectations for EPS growth in the S & P 500 EPS from Q1 2019 to Q3 2019 continue to decline, with some providers already showing negative growth."
FactSet data show that corporate profits for the first quarter are expected to decrease by 0.8%. Raich, however, said he expects profits to continue to grow in the first half of 2019. He added that the negative estimates were essentially a by-product of "rough estimates".
Disney, Electronic Arts, Snap and Spirit Airlines are among the companies to report after the bell on Tuesday.
Wall Street also spoke of the state of the Union, which occurs more than a week after the end of the longest closure of the US government. Investors should be looking for clues on a number of issues, including US-China trade negotiations
"We are optimistic about President Trump's willingness to reach an agreement, but we remain cautious that these headlines may be making waves during any phase of verification or enforcement," he said. a note to Ed Mills, Public Policy Analyst at Raymond James. customers.
-CNBC & # 39; s
Silvia Amaro
contributed to this report.
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