S&P 500 Profit Growth Underestimation
Analysts may be underestimating the strength of profit growth for 2022.
Too little corroboration in the last 3 days to call a trend (2 articles). Watching for it to gain traction.
"One difference is today's positive earnings setup, and with five of the Magnificent 7 stocks about to release their numbers, we're entering a pivotal stretch of reporting season."
"On the economic data front, a report from ADP showed private employers added 63,000 jobs in February, more than the 48,000 that analysts projected."
"According to Bloomberg Intelligence, 83% of reporting S&P 500 companies exceeded forecasts, on course for the best quarter since 2021."
"profit growth at S&P 500 companies is expected to increase 16.8% year-on-year compared to initial estimates of 8%"
"I feel that this is an indication that companies and individuals will be spending more money throughout the economy over the next several years."
"Earnings typically recover stronger than they fall and we expect 2024 to be a better profit environment after companies' focus on efficiency and productivity."
"Even though the NASDAQ appears to be more volatile than the S&P500, it stands a very good chance of exploding higher in early 2022."
""some strategists think consensus views may be underestimating strength.""