Economics
As Stock Jitters Recede, Focus Shifts to Surging Company Profits
- S&P 500 Index earnings are forecast to grow more than 20%
- Fundamentals are ‘nothing short of spectacular,’ analyst says
Equity Markets Shifts Focus to Earnings
This article is for subscribers only.
A stream of rosy profit reports has helped soothe the nerves of investors rattled by this month’s stock market plunge. U.S. companies are seeing the biggest growth spurt in quarterly earnings in six years, and the pace is set to accelerate.
The question now is whether that momentum will fuel further stock gains.