Bumper earnings will broaden a narrow tech-led stocks rally, analysts say

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 60 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 66%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

A handful of technology firms and last year’s laggards have so far driven the heady rise in U.S. and global stock markets this year, but bumper earnings surprises could now lift more sectors and stocks and broaden the rally, analysts say.Analysts point to receding recession concerns and the prospect of

A handful of technology firms and last year’s laggards have so far driven the heady rise in U.S. and global stock markets this year, but bumper earnings surprises could now lift more sectors and stocks and broaden the rally, analysts say.

That compares with a much broader rally in past years, when the top 10 per cent winners only made up 14 per cent of the overall market upside from March 2020 to early 2022.The second quarter earnings season has started positively for cyclical sectors, with over a quarter of the global companies announcing their results so far, Refinitiv Eikon data showed.

"The upcoming earnings season has the potential to broaden the rally for sure. Earnings surprises - to the upside – from a wider breadth of stocks is likely to make investors consider names outside the cohort ," said Puneet Singh, director of quantitative research at Societe Generale, based in Singapore.U.S.

In Asia, Japanese stocks have surged, helped by their cyclical recovery and cheaper valuations, while in Europe, robust travel demand has boosted firms such as aero engineer Rolls-Royce and the region's biggest hotel group Accor. Over the past month, the communication services, mining and financial sectors have all posted about 5 per cent gains, outpacing the tech sector's modest 2 per cent rise. However, the tech sector has surged 34.5 per cent this year, leading all other sectors.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 6. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Panasonic Q1 profit rises 42%, in line with market expectationsTOKYO : Japan's Panasonic Holdings on Monday posted a 42 per cent rise in first-quarter profit to 90.37 billion yen ($636 million), largely matching analysts' estimates.Operating profit for the three months to end-June compared with an average estimate of 91.18 billion yen in a poll of 11 analysts by Refi
출처: ChannelNewsAsia - 🏆 6. / 66 더 많은 것을 읽으십시오 »