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Fundstrat: Earnings Update

S&P 500 Target of 3,150 And The Importance of 2,950 Pivot on Volume

The S&P 500 4Q19 sales and earnings update is as follows: 41 companies are reporting this week and of the 46 companies that have reported so far (9% of S&P 500). Note that 70% of these names are beating earnings by and estimate of 9%. Also not that 61% are beating by an average of 3%.



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