Earnings season is heating up — and the numbers are stronger than they look. 📊
So far, only about 9% of S&P 500 companies have reported Q3 results, but 84% are beating EPS estimates.
The bigger story is growth:
Q3 S&P 500 earnings are currently tracking around +29% YoY, which would mark a third straight quarter above 25%.
Tech, energy and communication services are doing a lot of the heavy lifting.
And among the Magnificent 7, NVIDIA and Meta are expected to drive most of the group’s earnings growth this quarter.
Simple question:
Are strong earnings enough to keep risk assets moving higher?
$NVDAB
$LLYB
$XRPT.ETF
#EarningsSeason #MarketSentimentToday #bitcoin
So far, only about 9% of S&P 500 companies have reported Q3 results, but 84% are beating EPS estimates.
The bigger story is growth:
Q3 S&P 500 earnings are currently tracking around +29% YoY, which would mark a third straight quarter above 25%.
Tech, energy and communication services are doing a lot of the heavy lifting.
And among the Magnificent 7, NVIDIA and Meta are expected to drive most of the group’s earnings growth this quarter.
Simple question:
Are strong earnings enough to keep risk assets moving higher?
$NVDAB
$LLYB
$XRPT.ETF
#EarningsSeason #MarketSentimentToday #bitcoin