From Nasdaq: 2024-06-13 05:14:00

Zacks Director of Research Sheraz Mian notes that upward revisions to the Energy, Transportation, Tech, Autos, and Utilities sectors have contributed to a favorable trend for Q2 earnings estimates. S&P 500 earnings for Q2 are expected to increase by +8.6% with +4.6% higher revenues. The Tech sector is leading the gains with strong estimate revisions and positive earnings growth. Earnings growth for the Energy sector is expected to turn positive in Q2 after negative quarters. The earnings outlook for the Tech sector is positive with margin gains and expectation of continued growth. The overall earnings picture shows resilience and improvement heading into the Q2 reporting cycle. Eleven out of sixteen sectors are expected to have higher margins in 2024. Investors are encouraged to explore Zacks’ top stock picks for potential investment opportunities with remarkable performance in recent years..



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