CEOs are far more pessimistic about corporate earnings than any time since the financial crisis, according to research from Bespoke.The percentage of companies lowering earnings forecasts during this reporting cycle has led those with upward revisions by 8.6 percentage points, the widest margin since Q4 2008, according to data compiled by the firm.The consumer staples group has seen the highest percentage of companies lowering guidance at 37.5%, while 17%-20% of health care and consumer discreti[...]
Who We Are
Jay Somaney is a partner and fund manager with TSG Capital Partners, a hedge fund based in Plano, Texas. Jay Somaney currently manages TSG Tech Fund, a hedge fund focused on the shares of companies involved in the Internet and related technology.
|Eod 1st Feb||CMP||Stockuverse Outperformance|
Note: Our model portfolio was started on Feb 1st, 2013 with an initial starting capital of $100,000 and we are up 225.6%