Earnings expectations creep higher
U.S. equity indexes rally: Dow out front, up ~2%
All S&P 500 sectors green; Industrials out front, up >2%
Dollar edges red; gold up ~1%; bitcoin up >3%; crude off >1%
U.S. 10-Year Treasury yield falls to ~4.21%
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com
EARNINGS EXPECTATIONS CREEP HIGHER
While less than stellar high-profile earnings reports helped cause quite the stir in the market this week, the latest data from LSEG shows expectations increasing gradually for S&P 500 .SPX as we get deeper into the reporting season.
With 206 reports already released, Wall Street's blended expectation (including estimates and actual reports) for second-quarter earnings growth is now at 12.1% year-over-year or 13% if the energy sector is excluded, according to the latest report from LSEG analyst Tajinder Dhillon.
In last Friday's report (July 19th), the blended expectation was 11.1% or 12.0% excluding energy.
In aggregate LSEG says companies are reporting earnings 4.4% above expectations, up from the 4.2% long-term beat rate (back to 1994), but down from the 7.3% beat for the last 4 quarters.
Q2 rev is now expected to grow 4.8% and this doesn't change if energy is excluded. The growth expectation has edged up from 4.5% last Friday.
The biggest drama in terms of expectation changes has come from the financial sector .SPSY which is now expected to show EPS growth of 17.6% vs expectations for 8.8% on July 1 (before earnings started). However, it should be noted that financials mostly report their results early in the earnings season.
But hang onto your hats and fasten your seat belts for the next weekly report (August 2) as the days ahead will bring reports from market heavyweights Microsoft .IXIC, on Tuesday before Apple AAPL.O and Amazon.com AMZN.O, both on Thursday.
(Sinéad Carew)
*****
FOR FRIDAY'S EARLIER LIVE MARKETS POSTS:
INDIVIDUAL INVESTOR BULLS TUMBLE, BEARS JUMP - AAII - CLICK HERE
FRIDAY DATA OLYMPICS: PCE (ALMOST) STICKS THE LANDING - CLICK HERE
U.S. STOCKS RISE AS INFLATION READ POINTS TO RATE CUTS - CLICK HERE
U.S. STOCK FUTURES PARE GAINS SLIGHTLY AFTER PCE - CLICK HERE
DON'T CALL IT A ROTATION - CLICK HERE
MARKETS REACTING TO RECESSION THAT ISN'T THERE - CLICK HERE
EARNINGS HELP EUROPEAN INDEXES - CLICK HERE
BUSY BUSY - CLICK HERE
STOCKS ON FIRMER FOOTING AFTER WILD WEEK - CLICK HERE
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料，僅適用於教育/資訊類用途，不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議，或是交易價格紀錄，或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容，包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接，皆爲‘按原狀’，並作爲一般市場評論所提供，而非投資建議。請理解和接受，所有被歸類為投資研究範圍的相關内容，並非爲了促進投資研究獨立性，而根據法律要求所編寫，而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊，相關詳情請點擊 這裡查看。
