Companies Reporting Before The Bell
• WPP (NYSE:WPP) is projected to report earnings for its first quarter.
• Anglogold Ashanti (NYSE:AU) is likely to report earnings for its first quarter.
Investors who are on the lookout for real estate investment trusts (REITs) that could prosper in the future need to look no further than the recent first-quarter earnings reports that were released last week.
Companies Reporting Before The Bell
• CNH Industrial (NYSE:CNHI) is estimated to report quarterly earnings at $0.32 per share on revenue of $5.08 billion.
One of the most interesting things about the U.S. stock market is how quickly sentiment can change on individual stocks or a sector in general, depending on recent news or their most recent performance. Yesterday’s winners can be today’s losers in the blink of an eye or vice versa.
The carnage in the real estate investment trust sector continues as new names hit new 52-week lows. The effect of rising interest rates is hitting the group hard and it’s not clear when the Fed might “pivot” to lower rates – late 2023, early 2024? In the meantime, these rate-sensitive REITs are not attracting buyers the way they used to.