Analysts expect an uptick in earnings from corporate America will make up for tech sector slowdown
US companies will have to deliver the biggest rise in profits in more than two years to avoid disappointing optimistic Wall Street analysts, setting a challenge for further stock market gains after a string of record highs. S&P 500 stocks are this month expected to report year-on-year earnings growth of almost 9 per cent in the three months to June, the biggest quarterly increase since early 2022, according to analysts’ forecasts compiled by FactSet.
Those gains have relied heavily on five giant companies — Nvidia, Apple, Microsoft, Amazon and Meta — whose price/earnings multiples have expanded far more rapidly to an average of 34 times forecasts, up from 28 times. Nvidia’s multiple has risen to 41 times from 24 times in January as forecasts for artificial intelligence-related chip demand have risen.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Inside the covert Jewish 'police force' roaming America's streets - as string of scandals spark...Horrific video shows two Orthodox Jewish children brutally beaten and kicked while riding their scooters on Williamsburg sidewalk in Brooklyn, NY.
Weiterlesen »
Inside the covert Jewish 'police force' roaming America's streets - as string of scandals spark...Horrific video shows two Orthodox Jewish children brutally beaten and kicked while riding their scooters on Williamsburg sidewalk in Brooklyn, NY.
Weiterlesen »
Inside the covert Jewish 'police force' roaming America's streets - as string of scandals spark...Horrific video shows two Orthodox Jewish children brutally beaten and kicked while riding their scooters on Williamsburg sidewalk in Brooklyn, NY.
Weiterlesen »
Best Copa América Betting Apps: Top Copa América Mobile Sportsbook RankedOur betting expert breaks down the best Copa América betting apps to use when betting on Copa América via your mobile or tablet this summer.
Weiterlesen »
Best Copa America Bonus Bets & Betting Offers: Top Welcome Bonuses for Copa AmericaOur betting expert breaks down the best Copa América welcome bonuses and bonus bets for the Copa América
Weiterlesen »
US borrowing binge risks market strains, analysts warnFederal Reserve may be forced to end quantitative tightening early, as stock of Treasury bills forecast to soar above $6tn
Weiterlesen »