QQQJ - S&P 500 Earnings: Which Sectors Have Shown Improved Growth Rates For 2024?

2024-05-10 14:00:00 ET

Summary

• Q4 ’23 ended with a +10.1% growth rate for S&P 500 EPS, so it’s possible we could get to 10% in Q1 ’24, but the fact is that S&P 500 earnings are pretty healthy regardless.
• Financials have been performing very well. Credit losses are lower, and the regulatory issues seemed to have eased.
• The sharpest negative revisions are only in energy (but from late December ’23, and in fact has improved since early April ’24), and health care.

A lot of the social media and CNBC crowd like to work with quarterly earnings, which is fine, but I've always thought that it was too narrow a field: one thing learned doing this weekend post for years is to look at quarterly results, but watch how full-year, calendar, "expected" sector growth rates change after earnings news....

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