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Thursday, May 16, 2024 5:35:13 PM
Earnings season for S&P 500 companies is about 87% complete, and the picture looks pretty healthy
By: SentimenTrader | May 16, 2024
• Earnings season for S&P 500 companies is about 87% complete, and the picture looks pretty healthy.
Reported earnings are on track to grow 10% from Q1 2023; the first back-to-back quarterly increases in a couple of years.
A cruel irony of markets is that what's obvious is often not helpful. It should be obvious that earnings growth is good for stocks. And double-digit growth should be even better.
That hasn't been the case, however.
Read Full Story »»»
DiscoverGold
By: SentimenTrader | May 16, 2024
• Earnings season for S&P 500 companies is about 87% complete, and the picture looks pretty healthy.
Reported earnings are on track to grow 10% from Q1 2023; the first back-to-back quarterly increases in a couple of years.
A cruel irony of markets is that what's obvious is often not helpful. It should be obvious that earnings growth is good for stocks. And double-digit growth should be even better.
That hasn't been the case, however.
Read Full Story »»»
DiscoverGold
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