Skip to comments.U.S. Companies Strike an Earnings Gusher
Posted on 05/07/2017 11:17:03 AM PDT by abb
Earnings season has offered plenty of reasons for investors to be optimistic. Even more good news is on the way.
With over 80% of S&P 500 companies having posted quarterly results, the profit engines at the biggest U.S. public companies are humming along. In an environment of elevated valuations, strong earnings growth helps justify record highs for stocks and suggests the bull market still has legs.
First-quarter earnings are on pace to increase 13.5% from the same period a year earlier, according to FactSet. That would be the third consecutive quarter of year-over-year growth and the quickest pace since the third quarter of 2011, when earnings increased 16.7%.
Growth has been broad-based, with energy, financials and technology leading the way. Ten of the S&P 500s 11 sectors are set to report earnings growth, with the small telecom sector the only one lagging.
I.e. time to sell.
The stock market won’t go down as long as they expect a retro active corporate tax cut this year—which would automatically jack up the corporate earnings across the board.
market has baked in the cake a 18% y o y earnings increase by 4Q
<img src="https://si.wsj.net/public/resources/images/BF-AQ490_AOT_16U_20170507121805.jpg" width="100%">
The width="100%" part resizes the image to fit in the enclosing container. Try resizing the window to see the effects.
July. August is the new october
Hopefully the NVIDIA (NVDA) stock I own will go up and up.
They report their quarterly results on Tuesday, May 9
Currently at 103.86
My plan is to buy AMD someday as the potential for bigger profit for me is there as long as their products sell.
Currently at 10.19
I.e. time to sell.>>>>>>>>>>>>>>
Unless you think that President Trump will pass a tax law as advertised.
But short term? Take the profits where you can get them.I agree.I am not so sure the president will get it done within the next 2 years at he current rate of Congressional speed.
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