Average eps growth for tech in Q3 is just +2.4%, the lowest
since Q2 2013. Take Apple out of the equation and it's -3.4%. For
the S&P as a whole, estimates are now -4.5%, while at the start
of the year the estimate for this quarter was +12%.
It's funny how the article also says, with these sentences
appearing in the same order as the article, it's a straight cut and
paste.
"Optimism goes away when reality begins coming into view,"
said Harrison.
Bill Whyman, an analyst at Evercore ISI, does expect things
to improve in 2016, but he says improvements will be weighted more
toward the second half.
Talk of the ubiquitous second half recovery starting already,
and it's only October!
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