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Trillions of dollars in question markets are trying to figure out whether to believe the 2025 earnings estimates amid the Trump administration’s trade war.
Callie Callie Callie Callie Callie Callie Callie Callie Callie Callie Callie Callie Callie Callie Callie Callie Callie on Brian Sozzi below on Brian Sozzi Ritholtz Wealth Manage Callie Callie Cox told Yahoo Management Callie Cox that I don't think you're overlooking (estimated) is the right word. I think you need to get along with them to some extent.
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The revenue season in the first quarter will usually be good because it is the last quarter of the impact of Trump’s tariffs.
According to Barclays, the S&P 500 (^GSPC) earnings grew more and more in the quarter. Earnings make the average upside room for upside at 10.2%, while the long-term average is 5.2%.
Housewife names such as Apple (AAPL), Alphabet (GOOG, GOOGL) and Microsoft (MSFT) left a deep impression on the street.
But it is questionable whether S&P 500-year companies can reach an estimated EPS growth of 10% - so is the valuation outlook.
"I think what a lot of people on Wall Street is that it feels like it's not here yet," Cox warned.
Read more: What Trump’s tariffs mean to the economy and your wallet
The consequences related to tariffs in the minds of everyone from executives to consumers, stocks are whipped as investors seek fair value.
After the “liberation day” in early April, the market fell on April 7 until this month rebounded with the flow of revenue reports.
Although there are winners this earning season, it is not difficult to find struggle.
James Quincey, chairman and CEO of Coca-Cola (KO), told Sozzi that cautious consumers buy less stuff in supermarkets.
"So that's the point of weakness, and I think that partly shows some affordability pressures from low-income consumers and some geopolitical responses," Quincy explained.
Starbucks CEO Brian Niccol acknowledged consumer weaknesses in an interview with Sozzi. Comparable North American sales of the coffee giant fell 1% in the quarter.
"We keep regaining expectations and reality," Cox said.
To maintain a solid perspective in the context of turbulent conditions, Cox advises investors to stick to their investment plans rather than impulsive sales or purchases.