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.
By Carrie King ...
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For further details see:
4 Equity Insights From A Mostly Sunny Earnings Season