Q3 earnings to be positive, but 'much slower' than Q2: Strategist

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Earnings Growth أخبار

Quarter Earnings,Market Domination

As Wall Street heads into the third quarter earnings season, Federated Hermes chief equity strategist Phil Orlando joins Market Domination Overtime to...

As Wall Street heads into the third quarter earnings season, Federated Hermes chief equity strategist Phil Orlando joins Market Domination Overtime to discuss what investors can expect.

He expects earnings growth for Magnificent Seven stocks also to slow. While they rose 60% in the fourth quarter of 2023, Orlando anticipates growth between 15 and 20% in the third quarter. Meanwhile, the"stocks that have been left for dead," or the rest of the 493 stocks in the S&P 500 , low betas, high dividend yields. So you've got small-cap names, you've got domestic large-cap value names. You've got international names with a particular focus on emerging markets.

So we're starting to see some improvement in earnings from the sectors that have done poorly and, and a material slowdown from this very narrow sleeve of growth, technology names that did phenomenally well over the last year.If indeed, you're, you're concerned about this slowing that you're talking about.

And, and we just think that given the seasonality of the market, the concern about the economy, federal Reserve policy, uh not, you know, we haven't even talked about the uncertainty regarding the election yet. If a stroll through a forest or meadow has left you with tiny hitchhikers latched onto your skin, be mindful. It’s not just the bites that are worrisome; these ticks carry with them the silent threat of Lyme disease, an infection that spreads with little warning.Kemi Badenoch handed £5,000 by councillor who dismissed ‘grossly exaggerated’ Grenfell concerns

 

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