From Nasdaq: 2024-05-01 19:04:00

The Q1 earnings season is showing improvement with +5.0% earnings growth and +4.5% higher revenues for the S&P 500 members. Tech sector drives growth, expected to be up +16.0% in 2024. Positive revisions trend in Q2 estimates. Some sectors, like Energy and Retail, have positive estimate revisions.

Aggregate earnings for 2024 for the ‘Magnificent 7’ group are up from last week. Tesla and Apple have negative revisions, but Nvidia and others offset. Expect tech sector to drive most earnings gains for S&P 500. Overall earnings picture for the index looks positive for 2024.

Earnings for S&P 500 set to grow in 2024, with margins expected to increase, driven by the tech sector. 5 stocks projected to double in 2024. Recommendations for potential home run stocks. Download 7 Best Stocks for the Next 30 Days. Apple, Nvidia, and Tesla stock analysis reports available.



Read more at Nasdaq: A Positive Earnings Picture Remains