Christine Short is a senior vice president at Estimize. An expert in corporate earnings, she produces content highlighting Estimize data. Prior to Estimize, Christine held positions at Thomson Reuters and S&P Capital IQ. @Estimize
Technology is becoming a key component of who survives in the current landscape, with mobile applications and touch screen kiosks helping to reduce staff, and creating a more efficient ordering and pickup process. Starbucks (SBUX) is without doubt the pioneer in this space, with mobile payments making up 29% of all transactions at this point.
After the election of President Trump in November 2016, earnings estimates for U.S. corporations began to steadily creep up for 2017 and 2018 in anticipation of a corporate tax cut that would bring rates to as low as 15% from the current 35%. The S&P 500 is now expected to show yearly earnings growth of 10% and revenue growth of 6% — the highest numbers seen since 2011.
A perfect storm of macroeconomic events during the last three years resulted in increased volatility in the energy sector. What began as a seemingly insignificant downturn in the summer of 2014 turned into the cratering of the energy markets by the summer of 2015, particularly crude oil.