Recap May 2: Food Prices Exploding – Corporate Profits are Huuuuge (Recap ep121)
Day Trading Academy - Podcast autorstwa Marcello Arrambide: Founder - Day Trading Academy Learn to Trade
In today’s recap, we start analyzing how food prices rise above the official inflation rate and see how most corporates reported their earnings and showed great profits. Of 124 companies in the U.S. S&P 500 index that have reported Quarter 1 results to date, 85.5% have already topped analysts’ earnings estimates, with Refinitiv IBES data now predicting a +34.3% jump in profit growth. Both the S&P 500 & Dow Jones Industrial Average are to finish a 3rd consecutive monthly gain today, up [...]
