Wall St Week Ahead Consumer stocks' earnings may offer clues on U.S. economy’s resilience

Growing recession fears over the last year have already prompted many consumer discretionary companies to cut costs to boost margins, which may lead to positive earnings surprises this quarter, Melson said.to grow earnings by 36.5% in the first quarter of 2023 compared with a year earlier, the greatest increase of any sector, according to Refinitiv data. That compares with an expected 5.2% decline in earnings growth for the S&P 500 overall.

"Consumers are still traveling and spending money on high-end merchandise and people are still living it up," he said.

100rocky

Musts metro

Não há economia no mundo que mate a fome de um exército que respira guerra.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Wall Street Has Netflix Password-Sharing in Focus Ahead of Next Earnings ReportAfter increased search activity for the term “cancel Netflix” in Canada in February and investor concerns about user losses over a crackdown, more recent reports have suggested that these trends could have been fairly short-lived.
Source: THR - 🏆 411. / 53 Read more »