Explore our latest insights where we revisit Q1 2024’s earnings outlook, highlighting the sustained momentum of major tech players and the promising growth potential across the broader U.S. market spectrum.
Key Insights:
- The S&P 500 shows a modest overall earnings growth rate of 0.5% for Q1 2024, with expectations of continued year-over-year growth.
- The Magnificent Seven, including NVIDIA and Amazon, report a combined year-over-year earnings growth of 64.3%, significantly boosting the index’s performance.
- Excluding the top tech companies, the remaining 495 companies in the S&P 500 are projected to exhibit double-digit earnings growth by Q4 2024.
- Recent market recovery reflects a blend of technical rebounds and stabilization factors like rate stabilization and reduced geopolitical tensions.
- Despite downward earnings revisions in sectors like Health Care, positive financial sector surprises have mitigated broader market impacts.
More from TWO THE POINT
- Two the Point — Unpacking Q1 Economic Trends and Market Dynamics
In our weekly video series, we highlight one observation we think is most important regarding the economy and the financial markets. This week we explore our analysis of Q1 economic performance. - Two the Point — Unveiling Opportunities Beyond the Magnificent SevenIn our weekly video series, we highlight one observation we think is most important regarding the economy and the financial markets. This week we revisit Q1 2024’s earnings outlook, highlighting the sustained momentum of major tech players.
- Two the Point — Juggling Growth – Economy Expands Amid Unyielding InflationIn our weekly video series, we highlight one observation we think is most important regarding the economy and the financial markets. This week we discuss resilient consumer spending and unexpected inflation dynamics.
