Wall Street's Q1 Earnings Season to Test Stock Market Amid Rate Cut Doubts

Wall Street’s Q1 earnings season is expected to be the next major test for the stock market amid growing doubts over Federal Reserve rate cuts.I used the InvestingPro stock screener to find high-quality stocks poised to deliver strong profit and revenue growth amid the current climate.

Meanwhile, revenue expectations are slightly more positive, with sales growth expected to rise +3.5% from the same quarter a year earlier. If that is in fact the reality, FactSet pointed out that it would be below the five-year average revenue growth rate of +6.9%.As is usually the case, it is more about forward guidance than results, given the uncertain macroeconomic outlook.

Meanwhile, in the tech sector, artificial intelligence is likely to be a big theme again. Investors will look to see if companies can turn optimism over AI developments into an improved bottom line.to search for companies that are poised to deliver annualized growth of at least 30% or more in both profit and sales as the first quarter earnings season kicks off.

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