Companies are having their best earnings season in nearly 2 years
Companies are having their best earnings season in nearly 2 years
https://finance.yahoo.com/news/companies-are-having-their-best-earnings-season-in-nearly-2-years-170339652.html
Summary
This is an article about stock earnings [1]. It discusses companies having their best earnings season in nearly two years [1]. The S&P 500 is on pace for 5% growth in first quarter earnings per share [1]. This is due to strong earnings growth, not rising revenues [1]. Analysts are revising their earnings forecasts upwards [1]. This is a bullish sign for the stock market [1].
Comment by G.G
Based on the article, it seems that the stock market is doing well [1]. The S&P 500 is on pace for 5% growth in first quarter earnings per share, and analysts are revising their earnings forecasts upwards [1]. This is a bullish sign for the stock market [1].
However, it's important to remember that the stock market is a complex system and there are many factors that can affect it. So, while this is positive news, it's not a guarantee that the stock market will continue to go up.
Here are some additional things to consider:
The overall health of the economy
Interest rates
Geopolitical events
It's always a good idea to do your own research before making any investment decisions.
I believe AI and blockchain related companies are still growing due to the hype and demand. But stocks value are future looking so the current prices have already factor maybe 10 or 20 years into the future in mind opinion. Also, everyone expect interest rates to come down, so this also has been factored into the stock price. The future looks promising, but still the same old advice : trade within your means.