Laser Focus on Costs Has Brightened the 2021 Outlook for Stocks
- Earnings momentum seen returning after big expense cuts
- Bar for companies to get over to be higher in fourth quarter
Photographer: Matthias Hangst/Getty Images
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Corporate profits around the globe comfortably topped expectations in the third quarter, helped in no small part by cost cuts, and optimism is growing that earnings momentum will carry on in 2021 even if the bar to get over is higher next time around.