News Formal

JPM: Earnings beats may not advance stock market gains

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

JPM: Earnings beats may not advance stock market gains

JPMorgan strategists said consensus projections for earnings growth have been “moving materially lower” in recent months ahead of the Q1 2024 reporting season kick-off.

Despite declining earnings forecasts, there has been a notable shift in activity momentum during the quarter, evidenced by rising global purchasing managers indexes . This improvement, alongside the lowered earnings hurdle due to reduced forecasts “is suggesting that we will get earnings beats,” strategists at JPMorgan said in a Monday note.

“The risks of interest rates spiking for the “wrong reasons”, Fed pivot getting fully reversed and inflation staying too hot are all elevated,” they added.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Q1 S&P 500 Earnings: Another Normal Earnings Season in the Offing?Stocks Analysis by Brian Gilmartin covering: S&P 500, Intuitive Surgical Inc, Johnson & Johnson, Abbott Laboratories. Read Brian Gilmartin's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

This copper stock offers best exposure to play rising market pricesThis copper stock offers best exposure to play rising market prices - JPM
Source: Investingcom - 🏆 450. / 53 Read more »

Nike Beats Sales, Earnings Projections in Q3 as Leadership Touts Innovation PipelineNike (NKE) Q3: Nike Inc. reported sales and earnings results that beat expectations. Leadership highlighted the company's emphasis on innovation.
Source: wwd - 🏆 24. / 68 Read more »

Citigroup Earnings: Stock Cheap on Book Value Basis as Eyes Turn to EPS GrowthStocks Analysis by Brian Gilmartin covering: S&P 500, Citigroup Inc, Bank of America Corp, JPMorgan Chase & Co. Read Brian Gilmartin's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

Goldman analysts see earnings driving US stock rallyGoldman analysts see earnings driving US stock rally
Source: Investingcom - 🏆 450. / 53 Read more »