Q2 earnings season shows stability, +10.6% total earnings growth, +5.2% higher revenues

From Nasdaq: 2024-08-08 04:34:00

The Q2 earnings season shows stability and improving outlook with +10.6% total earnings growth and +5.2% higher revenues. ‘Magnificent 7’ companies are expected to see +33.5% earnings growth. Tech sector earnings are expected to rise +20.6%. Revenue weakness in Finance sector affects overall earnings growth, but margins are improving. Market waiting for clear monetization path for AI investments. Market troubled by rising capex levels for AI projects by ‘Magnificent 7’ companies. Finances, Tech, and Consumer Discretionary sectors expected to have higher margins in 2024.Investment strategies at Zacks Investment Research have outperformed S&P with average gains of +44.9%, +48.4%, and +55.2%. Experts recommend 7 elite stocks with Zacks Rank #1 Strong Buys for early price pops. Zacks provides free stock analysis reports for companies like Amazon, Apple, Microsoft, NVIDIA, Tesla, Alphabet, and Meta Platforms.Visit Zacks.com for more information on investment resources and recommendations.



Read more at Nasdaq: Zacks Earnings Trends Highlights: Microsoft, Alphabet, Amazon, Apple, Meta, Tesla and Nvidia