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home / news releases / s p 500 earnings healthy quarterly bump in forward e

FNY - S&P 500 Earnings: Healthy Quarterly Bump In Forward Estimate; Tech Sector Trends

First Trust Mid Cap Growth AlphaDEX Fund

2024-07-08 06:30:00 ET

Summary

  • The big banks start reporting next Friday, July 12th, ’24. The June CPI and PPI data are also due this week.
  • The forward 4-quarter estimate jumped $9 this week as the old quarter (Q2 ’24-Q1 ’25) fell off and new quarter was added (Q3 ’24-Q2 ’25), with the new forward 4-quarter estimate now $261.39.
  • The S&P 500 earnings data is supportive of the bull market narrative. Revenue growth for the tech sector is starting Q2 ’24 at its highest level in 18 months.

The big banks start reporting next Friday, July 12th, ’24. Look for JPMorgan ( JPM ), Citigroup ( C ) and Wells Fargo ( WFC )....

For further details see:

S&P 500 Earnings: Healthy Quarterly Bump In Forward Estimate; Tech Sector Trends
Stock Information
Company Name: First Trust Mid Cap Growth AlphaDEX Fund
Stock Symbol: FNY
Market: NASDAQ
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