Sam Stovall

@stovallcfra.bsky.social

1 year ago

Earnings miss from $GOOGL & $AMZN & Friday’s nonfarm payrolls report⬆️#inflation concerns & led to a sharp selloff. Q4 2024 EPS forecasts now predict a 13.7%⬆️up from the 8.7% projection, per #SPCapitalIQ. We also anticipate two 25 basis point rate cuts in the 2nd & 4th Qtrs.

Sam Stovall

@stovallcfra.bsky.social

1 year ago

The Q3 2024 earnings reporting pd is approaching. In Q2 2024, the #SP500 EPS⬆️by 12.9% Y/Y exceeding the projected gain of 8.1%. As of Oct 4 #SPCapitalIQ anticipates a 3.2% Y/Y⬆️in Q3 2024. ⬆️#HealthCare #InformationTech ⬇️#ConsumerDiscretionary #Energy #Industrials #RealEstate