A 'robust' earnings outlook is driving further optimism for stocks in 2024

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 43 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 52%
  • Publisher: 63%

Bank Of America Notícia

Earnings Growth,Earnings Estimates,Binky Chadha

Earnings estimates for the S&P 500 holding up better than normal is one of the key reasons Wall Street strategists are optimistic about the path for stocks...

This comes as earnings estimates for future quarters are on the rise too. Consensus now sees earnings growing 11.4% in 2024, up from a projection of 10.9% on April 5. In 2025, earnings growth estimates have moved up to 14.2% in 2025 from the 11.6% growth seen that day.

This isn't an issue in itself, per Chadha. He believes the robust earnings growth seen in this group, which includes the), is "extremely likely to slow at some point." And that will come as positive developments have been brewing under the surface in other pockets of the market. Strategists like Kwon say the most notable blip in the fundamental story for stocks has been cost-cutting driving earnings growth, not increased demand and booming revenues. Kwon and Bank of America remain steadfast in their belief this will change later this year as companies in the industrial sector have signaled they believe they've hit the trough of declining demand in their cycle.

"The market tends to sniff out and say at some point, OK, now we have to actually see real demand come back online," Gordon told Yahoo Finance.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 47. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Wall Street Is Sending a Bullish Signal for S&P 500 Earnings(Bloomberg) -- Analysts are ratcheting up earnings forecasts for the current quarter at the swiftest pace in two years, suggesting that the worst of...
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

Wall Street Is Sending a Bullish Signal for S&P 500 EarningsAnalysts are ratcheting up earnings forecasts for the current quarter at the swiftest pace in two years, suggesting that the worst of Corporate America’s profit slump may be firmly in the rear-view mirror.
Fonte: BNNBloomberg - 🏆 83. / 50 Consulte Mais informação »

Stock market today: Stocks climb as S&P 500 notches best 3-day run of 2024Stocks rallied at the end of last week, getting a boost from a 'Goldilocks' jobs report.
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »