Investor Conferences and Events Could Provide the Push for Stocks After Earnings

More impressive is the updated Q1 year-over-year earnings growth rate, which, according to FactSet, now stands at 5.4%, significantly above the 3.4% figure from the end of March. What’s more, YoY EPS growth estimates for Q2 have ticked up, from 9.0% on March 31 to 9.6% as of May 3. Calendar-year S&P 500® per-share earnings are now seen near $244, actually rising in recent weeks, bucking the normal trend of declining EPS forecasts during a given year.

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