Five themes for traders to watch as earnings kick in

Quick Summary:

NEW YORK: Earnings season is here, and the US stock market’s furious US$9 trillion 2024 rally is facing perhaps its biggest test of the year.

Investors who keep bidding up stock prices may be onto something, because there appears to be room for an upside earnings surprise if those reduced forecasts turn out to be overly gloomy.

Analysts cut profit estimates going into the third quarter, with a Citigroup index showing downgrades outnumbering upgrades since mid-June.

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Category: EconomyBusiness

Markets: MalaysiaChinaGermanySingapore

Topics: /Business/Business News Margins Markets Wall Street Earnings

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-14 @ 00:00:00 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 698 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © The Star

News ID: 23026308

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 23 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 39 minutes ago

Coverage Areas: Malaysia

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #22

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