“Losses Are About To Get Much Worse At 11 Companies This Quarter”
May 5, 2020
“So far, analysts are forecasting 11 S&P 500 companies, including consumer discretionary companies Ford Motor (F) and General Motors (GM), plus industrial American Airlines (AAL) to lose $1 billion or more in the second quarter. This is according to an Investor’s Business Daily analysis of data from S&P Global Market Intelligence and Marketsmith.
None of these quarterly losses are big enough to qualify a one of the worst in the past 30 years. But seeing so much red ink spilling in the near future shows why even some long-term investors don’t want to stick around for them. Warren Buffett sold his airline stocks…”