Earnings Outlook: Positive Growth Expected for US Companies in 2024

Analysts expect S&P 500 earnings growth to improve in the first half of 2024, with projected year-over-year growth rates of 6.7% for Q1 and 10.5% for Q2. The Communication Services, Consumer Discretionary, and Information Technology sectors are expected to drive the increase in earnings growth. Companies like NVIDIA, Amazon.com, Meta Platforms, and Alphabet are predicted to be the largest contributors to earnings growth for the S&P 500 in Q1 2024, while Merck, NVIDIA, and Meta Platforms are expected to lead in Q2 2024. Excluding these companies would lower the estimated earnings growth rates for both quarters.