News Formal

This is what is 'essential' for this stock market rally to extend: BCA

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 53%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

This is what is 'essential' for this stock market rally to extend: BCA

Investing.com -- According to BCA Research, earnings growth will play a crucial role in sustaining the current stock market rally.

For Q3, BCA expects earnings growth to reach 4.9% year-over-year, though BCA suggests the actual number could hit 10.5%—just slightly behind the 13% achieved in Q2—if historical surprises hold. The firm emphasizes that all sectors, aside from Energy and Materials, should post positive earnings growth.

However, the research firm warns that earnings revisions have been significant, with estimates cut by 3.9% for the quarter, especially in sectors like Energy, Materials, and Industrials.

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 CA
 

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

Canada Canada Latest News, Canada Canada Headlines

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

A recession is imminent and favored tech stocks set to crater like the 'Nifty Fifty' did, BCA Research saysThe rise and fall of the Nifty Fifty stocks in the 1970s is a cautionary tale for investors in the Magnificent Seven craze, according to BCA Research.
Source: CNBC - 🏆 12. / 72 Read more »