Shark Tank Star Says Brace For Strong Earnings

Corporate-friendly government policies will lead to an upside surprise in first quarter earnings that will blow investors away, this according to Shark Tank star, Kevin O’Leary.The U.S. earnings season kicks off this Friday with three major banks, JPMorgan, Citi Group, and Wells Fargo, on tap to release their corporate numbers. The biggest factor that will drive earnings this quarter is the government’s historic tax cuts passed in December, which took effect in January, O’Leary said.“All of the companies in the Russell 2000 that used to pay 31% corporate tax rate now pay 21%, so the cash flows are going to increase dramatically, not just this quarter, for the next two years,” O’Leary told Kitco News on the sidelines of the “Three Sharks In A Castle” symposium. (show less)

Corporate-friendly government policies will lead to an upside surprise in first quarter earnings that will blow investors away, this according to Shark Tank star, Kevin O’Leary.The U.S. earnings season kicks off this Friday with three major banks, JPMorgan, Citi Group, and Wells Fargo, on tap to release their corporate numbers. The biggest factor that will drive earnings this quarter is the government’s historic tax cuts passed in December, which took effect in ... (read more)

Daniela Cambone

Daniela Cambone

Editor-in-Chief

Three Sharks In a Castle
Hosted by Shark Tank star Kevin O’Leary, the symposium at the newly renovated Casa Loma in Toronto, featured fellow Shark Tank investors, Mark Cuban and Barbara Corcoran as keynote guests. This is the first time the three have shared the stage in Canada.

Biography
With over a decade of international experience, Daniela Cambone covers prominent industry events and interviews a number of leading analysts, financiers and political leaders for Kitco News. She began her career covering the Canadian financial and insurance industry and later worked in Europe covering the political and financial scene for the International television station, Press TV. Daniela holds a BA in Broadcast Journalism and an MA in Journalism & Communications.

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