Q1 earnings season beats expectations with strong fundamentals, positive for S&P 500

From Investing.com: 2024-05-06 04:16:02

Citi strategists view the Q1 reporting season as a “beat-and-hold” with 2024 S&P 500 growth expectations mostly unchanged. Sector earnings-stock performance link is mixed. Market-implied growth expectations have lowered, creating a beatable setup. Valuations suggest strong fundamentals. Sector-wise, Communication Services, Financials, and Utilities stand out. Mega-caps are key now, but broader growth expected later. Market-implied growth rates seem achievable.



Read more at Investing.com: Q1 earnings support bullish view toward S&P 500 fundamentals By Investing.com