Solid 4Q Earnings Tee Up Expectations for Even Better Days Ahead
Projections are for corporate profits to really burgeon in 2024, despite some downbeat economic outlooks.
Projections are for corporate profits to really burgeon in 2024, despite some downbeat economic outlooks.
The pessimistic takes come after the third quarter’s rebound from the earnings recession.
The S&P 500’s EPS had three down quarters in a row, but now analysts are growing more optimistic.
When double-digit market growth precedes the 9th month, good things tend to follow for investors, according to LPL and BofA.
Big tech mega caps skew the profits picture, and stripping them out makes the outlook flat.
While political controversy dogs green initiatives, artificial intelligence replaces them as the new popular topic.
The March-ending quarter is expected to book a 6.2% decline, but FactSet says analysts think this is the worst.
Cyclical stock sectors re-take the lead, but with deliberation, as earnings weaken.
Unexciting economic growth and the Chinese virus are among the ills that could ruin predictions of an electrifying rebound.