S&P 500 Will Get Its Mojo Back From Strong Earnings [Financial Post (Toronto, Ontario, Canada)]
HSBC Holdings, plc. (HSBC)
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Source: Financial Post
You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Robust earnings from Corporate America will pull the S&P 500 Index out of its latest morass, despite rising concerns about a significant jump in bond yields, according to Bloomberg's latest Markets Live Pulse survey. With reporting season kicking into high gear this week featuring results from Big Tech giants such as Microsoft Corp., Meta Platforms Inc. and Alphabet Inc., nearly two-thirds of 409 respondents said they expect earnings to give the US equity benchmark a boost. That's the highest vote of confidence for corporate profits since the poll began asking the question in October 2022. Article content Article content “I'm fairly optimistic about this earnings season and I don't expect there to be any horrors,” said Neil Birrell, chief investment officer at Premier Miton Investors. “The key thing is that the fundamentals of a company are what's getting reflected in t
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- HSBC's page on the SEC website