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Bracing for profit season

February 10, 2020
Bracing for profit season

Strap yourselves in. Earnings season, which gets properly under way today, is likely to be a rocky ride, with stretched valuations in the industrials sector set to collide with weak business conditions and a string of economic worries.

“Investing is about results and expectations,” says Dion Hershan, managing director and head of Australian equities at Yarra Capital Management. “We are heading into a period where we’ve had incredibly strong market performance and we’ve actually got high expectations, particularly for those industrial companies which are at record valuations.”

Read more…. (subscription to The Australian Financial Review required)

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