From Amazon to McD's, Earnings Mark Strong Spending

Roughly half of the S&P 500 companies have reported results thus far, with more than 77% exceeding results. But of that group, consumer discretionary companies have been the biggest surprise, on average exceeding earnings-per-share estimates by 19%, according to LSEG I/B/E/S data.

Including Monday's gains, the S&P 500 consumer discretionary index is up nearly 19% this year, far outperforming the broader S&P 500, which is up nearly 8%. On the whole, 251 S&P 500 companies have reported results, with 77.7% coming in above analyst expectations, compared with an average of 67% in a typical quarter, according to LSEG data.

Ireland Ireland Latest News, Ireland Ireland Headlines

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

From Amazon to McDonald's, strong earnings show U.S. consumer resilienceIn a strong quarter for earnings, the big consumer stocks have shone even brighter, thanks to results from McDonald's (MCD.N), Chipotle Mexican Grill (CMG.N) and others that rank among the biggest surprises of the reporting cycle so far.
Source: Reuters - 🏆 2. / 97 Read more »

From Amazon to McDonald's, strong earnings show U.S. consumer resilienceFrom Amazon to McDonald's, strong earnings show U.S. consumer resilience
Source: Investingcom - 🏆 450. / 53 Read more »

Rebel’s Edge -Analyzing Market News- $MCD, $XPO, and Denver Throws Shade At KelceJon and Pete Najarian join forces to discuss and debate their favorite topics, including the hottest stock-specific news and sports! Today: $MCD, $XPO, and Denver Throws Shade At Kelce
Source: startelegram - 🏆 248. / 63 Read more »

Here's how much the options market expects Apple shares to move off earningsApple reports earnings on Thursday after the bell.
Source: CNBC - 🏆 12. / 72 Read more »