Reported 4 months ago
The stock market outlook remains positive as S&P 500 earnings grew 6% in Q1, with estimates for 2024 earnings growth rising to 11.4% and 14.2% for 2025. Strategists like Jonathan Golub and Binky Chadha have increased S&P 500 targets on robust earnings, expecting market confidence to rise. While earnings growth in sectors such as tech has been strong, other areas like cyclicals and defensives are showing healthy growth, with expectations for a broader market catch-up. Analysts anticipate a shift from cost-cutting to increased demand driving earnings in the latter half of the year.
Source: YAHOO