Earnings continue to roll in, driving the stock market to new highs.
The latest reports from Datadog (DDOG), AMD (AMD), Sandisk (SNDK), and Western Digital (WDC) suggest some profit-taking on Wall Street, as robust earnings and raised guidance haven't been enough to stanch post-earnings sell-offs after those stocks made huge gains so far this year.
On Thursday, ConocoPhillips (COP), Constellation Energy (CEG), Airbnb (ABNB), DraftKings (DKNG), and Celsius Holdings (CELH) also report.
Overall, it's shaping up to be a strong earnings season for the S&P 500 (^GSPC). According to FactSet data, ******* ysts estimate the year-over-year S&P 500 earnings growth rate for the second quarter will be 47.5% — surging past the five-year average of 16.4% and the 10-year average of 10.3%.
If that holds, it will mark the second consecutive quarter of earnings growth above 20% for the index and the seventh straight quarter of double-digit growth.
#second
The latest reports from Datadog (DDOG), AMD (AMD), Sandisk (SNDK), and Western Digital (WDC) suggest some profit-taking on Wall Street, as robust earnings and raised guidance haven't been enough to stanch post-earnings sell-offs after those stocks made huge gains so far this year.
On Thursday, ConocoPhillips (COP), Constellation Energy (CEG), Airbnb (ABNB), DraftKings (DKNG), and Celsius Holdings (CELH) also report.
Overall, it's shaping up to be a strong earnings season for the S&P 500 (^GSPC). According to FactSet data, ******* ysts estimate the year-over-year S&P 500 earnings growth rate for the second quarter will be 47.5% — surging past the five-year average of 16.4% and the 10-year average of 10.3%.
If that holds, it will mark the second consecutive quarter of earnings growth above 20% for the index and the seventh straight quarter of double-digit growth.
#second
2 months ago
