Alcoa (AA) kicks off second-quarter earnings season after Monday's closing bell, and if recent history is any guide, the aluminum giant has a 50-50 chance of beating Wall Street's profit and sales estimates, according to data from Thomson Reuters.
But, really, who cares? Of much greater importance is what the Dow component -- and the slew of companies to follow -- says about future growth prospects. The market, after all, is forward-looking, says Doreen Mogavero, CEO, co-founder and head of floor trading at Mogavero, Lee & Co.
"It's all about outlooks," Mogavero says. "With all the uncertainty we've seen, it's going to be very interesting to see what CEOs and CFOs have to say." For more on Mogavero's take on second-quarter earnings season, see the video below:
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