I used the InvestingPro stock screener to search for companies poised to deliver double-digit earnings and sales growth amid the current climate.Investors will be closely watching the earnings reports as companies reveal how they have navigated the challenging macroeconomic environment marked by elevatedare expected to grow +4.2% in the third quarter when compared to the same period last year.
Meanwhile, in terms of revenue expectations, analysts have also decreased their estimates during the quarter. The S&P 500 is expected to report annualized sales growth of +4.7%, compared to expectations for revenue growth of +5.0% on June 30.The third-quarter earnings season is upon us, and Wall Street is bracing for a key period that could shape the direction of markets for the rest of the year.
via the SPDR® S&P 500 ETF, and the Invesco QQQ Trust ETF. I am also long on the Technology Select Sector SPDR ETF (NYSE: The views discussed in this article are solely the opinion of the author and should not be taken as investment advice.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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