Analysts have recently reduced their S&P 500 earnings estimates by 5%. JPMorgan Chase CEO Jamie Dimon anticipates further declines in these estimates. During a call discussing first quarter earnings, Dimon noted that some companies have already withdrawn their guidance. Over the coming weeks, as companies report their earnings, they will have the chance to update investors on their outlook amidst ongoing uncertainty. This uncertainty has led to cautious behavior among businesses, with clients pulling back from acquisitions and investments. Middle market companies are particularly cautious about investing. Additionally, businesses are focusing on short-term supply chain optimization rather than long-term planning. Despite this, consumer spending has remained robust in the first quarter, with recent signs of acceleration due to concerns over potential price increases from tariffs.
eFXdata
@eFXdata
Β·
19h Data Monitor: US PPI drops tomorrow 8:30am EST βCore PPI expected at +0.3% m/m, bouncing back from last monthβs drop.
Y/Y forecast to accelerate to 3.6%Watch the USD. Watch yields.
Jurrien Timmer
@TimmerFidelity
Β·
19h The price action has been too fast and furious to affect earnings estimates thus far, but that will likely change with earnings season starting this week. For now, earnings growth remains at 10% and is expected to grow another 9% this year. But if the declining GDP estimates are
Dividend Snowball
@DividendSnwball
Β·
3h Friday, April 11th
Earnings and economic calendarEconomic data: Producer Price Index, month over month, March (+0.2% expected, +0.0% previously); PPI, year over year, March (+3.4% previously); Core PPI, March month over year (0.3% expected, -0.1% prior); Initial
RepoInsight
@RepoInsight
Β·
Apr 6 S&P 500 earnings estimates have not come down yet, but P/E ratios tanked last week. Valuations are cheaper, yet still above the 2022 lows. If forward EPS come down to 265 (now: 279) and forward PEs reach 17x (2022 lows: 16x), the S&P500 would bottom at 4.500.
PeloSwing
@PeloSwing
Β·
19h $JPM facing resistance at the 200 DMA here
– JPMorgan will report earnings tomorrow morning.
– Wall St. is expecting EPS of $4.633 and Sales of $43.99B.
– Implied move of 4.80%
ironman2005
@ironman20054
Β·
Apr 5 Iβm afraid to say this and I really donβt want to be right but Iβm thinking we drop 20-30% more next week.
$TSLA = 185.00
$SOFI= 8.00
$HIMS = 19.00
And u can do the math on the rest. Itβs all about the bond yield
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