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IMCB - 4 Equity Insights From A Mostly Sunny Earnings Season
iShares Morningstar Mid-Cap ETF
2024-05-23 04:15:00 ET
Summary
S&P 500 earnings growth of 5% was driven primarily by the mega-cap tech+ stocks.
We remain positive on technology and internet stocks but expect the earnings growth chasm between these leaders and the rest to close as two divergent business cycles each normalize.
The healthcare sector saw the lowest yoy earnings growth for the quarter, sitting at the bottom alongside energy and materials.