This week’s Sentiment Survey special question asked AAII members if first-quarter earnings have influenced their six-month outlook for stocks. About three of out every 10 respondents (31%) said recent earnings announcements have made them more bearish over the next six months. Nineteen percent described themselves as being bullish over the next six months. Close to 50% of respondents said that first-quarter earnings results have not affected their six-month outlook on the stock market.
Here is a sampling of the responses:
- “Confirming my opinion, market earnings were not as robust as many analyst had expected.”
- “A diversified portfolio will go up and down in the short term. I intend to maintain my allocations, and the first quarter reports are irrelevant to me.”
- “First-quarter earnings are prompting me to take a more cautious outlook on stocks and to think about a larger investment in bond funds.”
- “I am in it for the long run and try to ignore the daily flack. I believe over the long run stocks should be part of my portfolio.”
- “Affirmed my moderately bullish outlook.”
- “Not materially, first-quarter 2015 earnings were pretty much as expected for most companies I follow.”