S&P 500: Energy, Basic Materials Expected to Be 2024 Earnings Drags

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 14 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 53%

S&P 500 News

The Materials Select Sector SPDR® Fund,The Energy Select Sector SPDR® Fund

Stocks Analysis by Brian Gilmartin covering: S&P 500, The Materials Select Sector SPDR® Fund, The Energy Select Sector SPDR® Fund. Read Brian Gilmartin's latest article on Investing.com

are expected to be a drag for 2024, i.e. the expected sector growth is actually a full-year decline, and are the only sectors with expected negative declines in EPS growth in 2024.

If the energy sector is removed from the S&P 500 for Q3 ’24, the expected EPS growth jumps to +7.3%, versus the expected +4.9% today. According to this chart from Schwab’s Kathy Jones, the corporate investment-grade OAS is nearing it’s tightest levels in 20 years.

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 NG
 

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

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Could Mega-Cap Tech Stocks Catch Up to S&P 500 This Week?Stocks Analysis by Brian Gilmartin covering: S&P 500, Oracle Corporation, Alphabet Inc Class A, Apple Inc. Read Brian Gilmartin's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »