Reported 2 days ago
According to David Kostin of Goldman Sachs, Wall Street has underestimated the potential of third-quarter earnings, setting low expectations for companies within the S&P 500. As earnings reports roll in, there may be opportunities for stock price increases, driven by stronger-than-expected sales and positive surprises from major tech companies. Analysts have become slightly more optimistic, marking the first increase in earnings estimates since late 2021, indicating a potentially fruitful earnings season despite concerns over tariffs impacting profit margins.
Source: YAHOO