Why the other 493 stocks in the S&P 500 may be about to shine

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 49 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 33%
  • Publisher: 63%

Magnificent Seven News

Amazon,Market Domination,Earnings Growth

The S&P 500 has been on a tear, largely due to the 'Magnificent Seven' - Amazon (AMZN), Apple (AAPL), Alphabet (GOOG,GOOGL), Nvidia (NVDA), Meta (META...

) which make up about a third of the value of the index. With some bullish sentiment on Wall Street gaining momentum, will the other 493 companies have their moment in the sun?

Let's welcome in Oung Kwan B of a Securities us equity strategist, Oung and it's good to see you, you know. Despite trading at, you know, such a big premium versus the other 493 then I think that should really be the catalyst for the rotation to take place.So I think it's for this quarter, I think it's going to be more driven by uh margins rather than helpline growth.It typically starts with cost cutting and margin improvement companies really trying to do what they can control and then demand starts to improve.

So whereas volume demand obviously has very strong correlation to earnings growth, so I think going forward, it's really going to be a lot, it's really going to be about demand rather than inflation or pricing. Like I said, companies have gotten so good at managing expectations and unless they see great reasons to raise their numbers, they're probably going to be on the side of being too cautious.


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

 /  🏆 47. in BUSİNESS

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.

The S&P 493's earnings recession is over: Morning BriefA majority of the stocks in the S&P 500 haven't seen earnings grow in over a year. That's about to change.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Top Wall Street strategist explains why he's abandoning an S&P 500 targetPiper Sandler will no longer release year-end price targets for the S&P 500 after concluding that the index no longer truly reflects the stock market's...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Why the S&P 500 is poised to rocket 100% in 5 yearsWe are in the early innings of a bull market despite several years of big gains, says one veteran market strategist.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq hover near records as Nvidia becomes most valuable stockTechs are continuing to lead an AI-driven rally that investors simply can't afford to miss out on.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stock futures steady as S&P 500, Nasdaq try to build on recordsA consequential week that could provide key signals for the near-term path of interest rates.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »