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Thursday, February 07, 2019 2:01:52 PM
A little earnings growth seen as enough to lift the S&P 500: Chart of the Day --
Slower earnings growth will be enough to spur gains in U.S. stocks, according to Tony Dwyer, Canaccord Genuity Group Inc.’s chief market strategist.
“The equity market is most closely correlated to the direction of earnings,” he wrote Tuesday in a report.
Dwyer cited the relationship between the S&P 500 Index and the operating income for its companies, calculated on a per-share basis.
Dwyer expects S&P 500 earnings to increase 5 percent this year after climbing about 25 percent last year.
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Sincerely,
David Wilson
Stocks Editor, Bloomberg Radio
Author, Visual Guide to Financial Markets
Slower earnings growth will be enough to spur gains in U.S. stocks, according to Tony Dwyer, Canaccord Genuity Group Inc.’s chief market strategist.
“The equity market is most closely correlated to the direction of earnings,” he wrote Tuesday in a report.
Dwyer cited the relationship between the S&P 500 Index and the operating income for its companies, calculated on a per-share basis.
Dwyer expects S&P 500 earnings to increase 5 percent this year after climbing about 25 percent last year.
----------
Sincerely,
David Wilson
Stocks Editor, Bloomberg Radio
Author, Visual Guide to Financial Markets
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