Economic News

In the earnings season for U.S. companies, focus is on five key areas

The U.S. economy is likely to achieve a soft landing, with three key indicators to monitor in the stock market over the next week. Institutions have suggested two strategies to engage in market trends

2024/10/14

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Franklin Investment Consulting pointed out that there are three key factors to observe for the US stock market in the coming week. Firstly, comments from Federal Reserve officials will be critical, and investors should pay attention to their views on the economy, labor market, inflation, and interest rates.

The second factor is economic data, with US retail sales, industrial production, building permits, and new housing starts for September set to be released next week.

The third factor is corporate earnings reports, with 45 companies, including Netflix, ASML, Corning, Citigroup, Bank of America, Goldman Sachs, Morgan Stanley, BlackRock, P&G, American Express, American Airlines, United Airlines, Las Vegas Sands, Schlumberger, UnitedHealth, Johnson & Johnson, Abbott, and Intuitive Surgical, expected to announce their earnings.

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Additionally, the presidential election in the US is intensifying, with data from Real Clear Politics on October 10 indicating that Kamala Harris's probability of winning has dropped to 44.7%, while Donald Trump's has risen to 53.9%.

According to Factset data as of October 4, the market expects a 4.2% growth in earnings for S&P 500 companies in Q3. Among these, growth stocks in sectors like technology, healthcare, and communication services are anticipated to perform the strongest, with respective growth rates of 15.

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