According to FactSet, Micron Technology, Nvidia, Meta Platforms, EchoStar and Boeing are expected to be the biggest contributors to S&P 500 earnings growth in the third quarter. Boeing, Meta and EchoStar recorded steep charges and expenses a year ago, which should make the latest quarter’s results look especially strong by comparison. This favorable comparison base artificially inflates the earnings growth of these companies.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
