"Earnings Season Update: S&P 500 Shows Year-over-Year Growth, Tech Sector Leads"
TL;DR
Tom Lee, head of research at Fundstrat, provides a positive analysis of U.S. corporate earnings at the halfway point of the fourth-quarter results reporting season, highlighting that earnings per share estimates are understated due to financials' drop caused by a $23 billion fee. He also notes that companies beating estimates are seeing one-day stock-market gains, the percentage of companies reporting double-digit earnings per share growth has increased, and draws inspiration from the Chinese stock market showing signs of bottoming. Additionally, U.S. stock index futures rose, and the yield on the 10-year Treasury was 4.12%.
Topics:businessfinance#corporateearnings#earningsseason#finance#financialanalysis#marketoutlook#stockmarket
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