In the first quarter of 2024, S&P 500 companies are showing positive year-over-year growth in operating earnings, with 51% of companies reporting a 6% increase. 77% of S&P 500 companies have beaten EPS estimates for Q1, in line with the 5-year average. Consumer discretionary stocks are leading in positive EPS surprises.
So far, 77% of S&P 500 companies that have reported earnings have beaten expectations. This is in-line with the 5-year average of 77% and above the 10-year average of 74%. Interestingly, consumer discretionary stocks are leading positive EPS surprises, beating earnings by 15%… https://t.co/Zielul9h2E
Dow Jones, Nasdaq, S&P 500 weekly preview: Apple, Amazon earnings and Fed meeting https://t.co/rGCEkmTG2d https://t.co/A91WkgqXo0
Good Morning Everyone! Over 45% of S&P 500 companies have reported earnings, with an impressive 4 out of 5 surpassing expectations. Stocks jumped +2.7% last week! Hold on to your hats - big week incoming with the FED meeting Wednesday, plus Apple and Amazon's earnings. Don't…