With midterm elections around the corner, the entire nation is sitting on the edge of their seats, awaiting what some believe will be a major shift in the political balance of power in the halls of Congress. Depending on how elections pan out, stocks could see a number of different reactions, making next Tuesday an important day for politics and markets alike. For now, the tail end of earnings season is still the current market mover, as companies release their most recent fiscal quarter performance, giving insights on how they have stood up in the face of stubbornly low growth this past quarter [see also Closer Look At S&P 500 ETF Options].
Today, before the market open, Procter & Gamble
Analysts have estimated that the company will haul in an even EPS of $1.00 along with revenues of $20.3 billion; a 2.2% growth from this time last year. This compares relatively favorably with last quarter where earnings came in slightly lower than expected at just $0.73 a share in profits. Even more troubling is the weak performance out of fellow consumer giant Kimberly-Clark
With this earnings announcement on tap, the Consumer Staples SPDR
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Disclosure: Photo courtesy of Derek Jensen, no positions at time of writing.
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