Analysts agree the prospects for earnings are looking favorable for stocks.
, with the S&P 500 setting a record intraday high of 5,447.25 on Wednesday and a record closing high of 5,433.74 on Thursday. For the week, the S&P gained 1.6% to end at 5431.60. The index is now up 13.9% year to date and up 51.8% from its October 12, 2022 closing low of 3,577.03.Sure, oftentimes prices may decouple from fundamentals over short-term periods — which isCash flow generation is strong, sales growth isn’t as hot as it used to be.
“Our 2024 and 2025 earnings estimates remain unchanged but stellar earnings growth by five mega-cap tech stocks have offset the typical pattern of negative revisions to consensus EPS estimates,” Kostin wrote. “We expect roughly unchanged real yields by year-end and strong earnings growth will support a 15x P/E for the equal-weight S&P 500 and a 36% premium multiple for the market-cap index.
Importantly, the more tangible “hard” components of the index continue to hold up much better than the more sentiment-oriented “soft” components. Consider investing in this monthly dividend stock at current levels to lock in high-yielding monthly distributions to create a good passive-income stream. The post This 8.39% Dividend Stock Can Pay $100 Cash Every Month appeared first on The Motley Fool Canada.The Bank of Nova Scotia has announced that it will pay a dividend of CA$1.06 per share on the 29th of July...Three TSX stocks that continue to overcome massive headwinds and beat the market are no-brainer buys right now.
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