Wall Street’s upbeat earnings expectations set high bar for US companies

  • 📰 ftenergy
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

Analysts expect an uptick in earnings from corporate America will make up for tech sector slowdown

US companies will have to deliver the biggest rise in profits in more than two years to avoid disappointing optimistic Wall Street analysts, setting a challenge for further stock market gains after a string of record highs. S&P 500 stocks are this month expected to report year-on-year earnings growth of almost 9 per cent in the three months to June, the biggest quarterly increase since early 2022, according to analysts’ forecasts compiled by FactSet.

Those gains have relied heavily on five giant companies — Nvidia, Apple, Microsoft, Amazon and Meta — whose price/earnings multiples have expanded far more rapidly to an average of 34 times forecasts, up from 28 times. Nvidia’s multiple has risen to 41 times from 24 times in January as forecasts for artificial intelligence-related chip demand have risen.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 47. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

US borrowing binge risks market strains, analysts warnFederal Reserve may be forced to end quantitative tightening early, as stock of Treasury bills forecast to soar above $6tn
Bron: FT - 🏆 113. / 51 Lees verder »