Over One in Four Surveyed Unaffected by Quarterly Earnings


This week’s Sentiment Survey special question asked AAII members how first-quarter earnings have influenced their outlook for stock prices. Slightly more than one out of four respondents (27%) said that quarterly results have not altered their outlook. Many said they don’t alter their expectations based on quarterly results, while several others pointed to other factors (namely the November elections and monetary policy) as having a larger impact. Nearly 22% viewed first-quarter earnings as not being good or supportive of current stock prices. Just 5% of respondents feel more positive in reaction to first-quarter earnings.

Slightly more than 7% of respondents simply described their outlooks as pessimistic without mentioning earnings. Several others described market volatility and the upcoming presidential election as impacting their outlook.

Here is a sampling of the responses:

  • “Corporate earnings are slowing and/or stagnating. This will have a negative impact on stocks in general.”
  • “Way too much Fed speak for stocks to go up no matter what earnings are.”
  • “Expecting stocks to retreat until after the November election.”
  • “I feel earnings have been better than expected, so I’m slightly more bullish.”
  • “No influence. I do not pay a lot of attention to short-term earnings and projections.”

Want to weigh in? Take the survey yourself and see results online at http://www.aaii.com/sentimentsurvey.

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