Read the full article on Seeking Alpha.
Excerpt:
- S&P 500 blended EPS growth for Q4 continues to fall, now expected to come in at -5.3%.
- Peak earnings season rolls on this week with 1,447 global companies expected to report.
- Potential surprises this week: PYPL, HLT.
Another week, another tick down for Q4 S&P 500 earnings growth which now clocks in at -5.3% YoY with half of the index reporting. Big misses from big tech names such as Meta (META), Alphabet (GOOGL), Amazon (AMZN) and Apple (AAPL) sent the growth rate lower. However, not all of these names were punished for falling short of expectations. Meta was able to beat revenue expectations and greatly cut costs during the quarter. Investors rewarded that news by taking the stock to its highest level in over a decade.
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