Major U.S. companies are expected to unveil significant gains over the course of the second phase, confirming the amount of American economic recovery since the depth of the epidemic.
Groups listed on the blue-chip S&P 500 list are expected to earn an annual turnover of about 63% for the three months to the end of June, following a 52.5% increase in the first quarter of 2021, according to FactSet data. If the second quarter meets Wall Street expectations, it could increase significantly since the 2008-09 financial crisis began.
The stock market, which kicks off this week with major banks such as JPMorgan Chase, Bank of America and Citigroup reporting on their financial results, will be even more significant as the S&P 500 is trading near a record high of about 16% since the beginning of this year.
The film’s success, following the economic downturn in the first three quarters of last year triggered by the coronavirus crisis, is expected to be led by banks and other financial institutions, says Jonathan Golub, US technology chief at Credit Suisse.
Shares in the “mobile” industry have fared well this year as women expect the world’s largest economy to grow after 3.5% out of last year.
The electronics segment, which benefited from the pricing meeting, led the way this year, with the S&P 500 index following the segment exceeding one segment this year. The currency, a group that includes banks, has risen nearly a fifth since the end of 2020.
Golub added that anticipation of a sharp rise in profits has been a major factor in inflation this year. It means that even though the S&P 500 jumped at its peak, the major accounting methods did not move. The list is already at 21.6 prices expected to be received next year, compared to 22.16 at the end of December, according to FactSet data.
However, Rupert Thompson, chief financial officer at Kingswood Group, issued a warning.
“I think we’re at the peak of full growth,” he said. “I am not saying that it will change, but the idea that the benefits will continue to support as they have been for the past six months to one year. [is dubious]. ”
Geir Lode at federated Hermes reiterated this, warning them that the cash flow season represents a “great potential” in the markets, which “could be difficult for many companies as they struggle to meet such expectations after a strong first phase”.
Source link
