Investors Rotate Out of Big Tech Right Before Earnings - Sign of What's to Come?

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 70 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 41%
  • Publisher: 53%

Nasdaq 100 Новости

S&P 500,Dow Jones Industrial Average,Walt Disney Company

Stocks Analysis by Christine Short covering: Nasdaq 100, S&P 500, Dow Jones Industrial Average, Walt Disney Company. Read Christine Short's latest article on Investing.com

The LERI is back up for the second quarter in a row after falling to its lowest level in nine years in the first quarter of 2024Last week began with investors continuing to rotate out of tech after a massive growth year thus far, and ended with a broader sell-off.

According to FactSet, the current consensus for S&P 500 EPS growth is for 9.7% YoY, an increase from 9.3% last week. Thus far 80% of companies that have reported have surpassed analyst profit estimates, while only 62% have beaten on revenues.After falling to its lowest level in its nine years in the first quarter of 2024, the Late Earnings Report Index, our proprietary measure of CEO uncertainty, is back up for the second quarter in a row for Q3.

Some of that uncertainty was evident in banking commentary made over the last couple of weeks. As of July 12, there were 66 late outliers and 37 early outliers.). This comes just as investors start to rotate out of these mega-cap winners into smaller names that they believe will benefit more greatly from interest rate cuts, potentially coming as soon as next month.

Announced earnings dates in which the Confirmation Timing is materially earlier or later than the company’s historical average of the same quarter. Earlier in the year, Disney was embroiled in a proxy battle which ended in April as the entertainment behemoth fended off activist investor Nelson Peltz, who attempted to secure board seats.This season peak weeks will fall between July 22 - August 16, with each week expected to see over 1,000 reports. Currently, August 8 is predicted to be the most active day with 1,445 companies anticipated to report.

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 450. in RU
 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

3 Undervalued Stocks to Buy as Investors Rotate Out of TechStocks Analysis by Investing.com (Jesse Cohen) covering: Gilead Sciences Inc, PNC Financial Services Group Inc, Diamondback Energy Inc. Read Investing.com (Jesse Cohen)'s latest article on Investing.com
Источник: Investingcom - 🏆 450. / 53 Прочитайте больше »

Q2 Earnings Season Preview - The S&P 500 Breaks Records Ahead of Bank ReportsStocks Analysis by Christine Short covering: S&P 500, Citigroup Inc, Bank of America Corp, Goldman Sachs Group Inc. Read Christine Short's latest article on Investing.com
Источник: Investingcom - 🏆 450. / 53 Прочитайте больше »

Q2 Earnings Season Kicks Off: Jury Still Out Despite Mixed Bank ResultsStocks Analysis by Christine Short covering: S&P 500, Citigroup Inc, Bank of America Corp, Goldman Sachs Group Inc. Read Christine Short's latest article on Investing.com
Источник: Investingcom - 🏆 450. / 53 Прочитайте больше »

Short North business manager, pastor walking the Short North this weekend to deter crimeA Short North business manager and Columbus pastor are planning to have a presence in the Short North overnight this weekend to make it clear crime is not welco
Источник: wsyx6 - 🏆 444. / 53 Прочитайте больше »