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'Buckle your seatbelts' because earnings will start to disappoint, long-term bull Art Hogan warns
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cnbc.comEarnings season may turn an ugly corner.
Long-term bull Art Hogan warns a storm of disappointing corporate guidance and missed revenue targets is ahead.
«Buckle your seatbelts,» the National Securities' chief market strategist told CNBC's "Trading Nation" on Friday. «This will be the first time in the cycle you're actually going to hear more companies guide down than guide up.»
Hogan cites headwinds tied to supply chain backlogs, inflation and worker shortages.
«There's going to be a real earnings season of haves and have nots,» Hogan said. «The haves really have that pricing ability.»
He cites Snap's third quarter results as an example of upcoming trouble. The social media giant reported last Thursday a revenue miss and it lowered guidance
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