Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

Earnings Recession over for the 493

edited July 10 in Other Investing
Good news for the rest of the S&P index. It's free at Yahoo. Dinky linky.

According to data from BofA's US equity strategy team, earnings for the S&P 493 haven't registered year-over-year growth since the fourth quarter of 2022.


The upcoming second quarter earnings period, however, should mark the end of what's been a stealth earnings recession for the vast majority of companies in the S&P 500. For the 493 non-Mag 7 stocks, earnings growth is forecast to clock in at 6%, 7%, and 13% annually over the second, third, and fourth quarters of 2024.
Yet, as often happens in the investing world, this peak of frustration with a market environment that has come to resemble celebrity culture, in which just a few stars draw the headlines, appears set to crescendo. At which point stocks that comprise "anything else" will meet an investor community eager to think about just that.
I better check my seatbelt.
Sign In or Register to comment.