News Formal

Slowing GDP and accelerating earnings is best for stocks

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

Slowing GDP and accelerating earnings is best for stocks

According to analysts at Bank of America Securities, a best-case scenario for stocks involves slowing GDP and accelerating earnings growth.

"While GDP and the labor market seem to be slowing, earnings are accelerating ," notes BofA."Moreover, BofA's three quantitative models all suggest a strengthening upcycle in equities."97% done, the EPS has beat consensus by 3%, rising 7% year-on-year. BofA highlights that while the Magnificent 7 led the beat, the other 493 still delivered, with all 11 sectors except for Healthcare topping expectations.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Slowing GDP and accelerating earnings is best for stocksSlowing GDP and accelerating earnings is best for stocks
Source: Investingcom - 🏆 450. / 53 Read more »