TipRanks
‘Time to Upgrade’: Barclays Turns Bullish on These 2 Stocks — Here’s Why
The S&P 500 hit its recent trough on October 27, when it bottomed out at 4,117. Since then, however, the index has had its single best week of 2023 – and it’s up 6% from that low point. The catalyst? A solid Q3 earnings season. With more than half of the S&P 500 companies having reported so far, 78% are beating expectations – well above the historical rate of 75%. In addition, the average ‘beat’ is well over 7%. The strong earnings have economists predicting Q3 earnings growth of about 2.4% when