Earnings Growth and the Fed Cycle

Earnings Growth and the Fed Cycle Analysts remain optimistic on 2020. This chart shows the expected earnings growth over the next 12 months. Picture source: Fidelity Investments

S&P 500 Return: Earnings Growth vs. Multiple Expansion

S&P 500 Return: Earnings Growth vs. Multiple Expansion Since the beginning of the year, the multiple expansion explains the S&P 500 return. You may also like “U.S. Equities and The World: Earnings Growth vs. Multiple Expansion.” Picture source: Strategas

U.S. Equities and The World: Earnings Growth vs. Multiple Expansion

U.S. Equities and The World: Earnings Growth vs. Multiple Expansion Since the 2009 low, the strong performance of the U.S. markets comes from earnings growth (73%) and multiple expansion (27%). You may also like “S&P 500 Return: Earnings Growth vs. Multiple Expansion.” Picture source: Goldman Sachs Global Investment Research

A Look at Earnings Growth around the World

A Look at Earnings Growth around the World Earnings growth are slowing, but global activity should improve in the second-half of the year. Picture source: Fidelity Investments

Earnings, Dividends and Valuation

Earnings, Dividends and Valuation Considering earnings growth, dividends and valuation, the U.S. stock market should remain under pressure until Q3 earnings season. Picture source: Fidelity Investments

S&P 500 Index – Earnings & Valuation

S&P 500 Index – Earnings & Valuation The S&P 500 valuation is high relative to history and the earnings growth estimate has fallen to +3.7% for 2019. You may also like our “Stock Market Valuation.” Picture source: Fidelity Investments

Earnings Estimate Progression

Earnings Estimate Progression This chart shows the earnings estimate progression since 2013. For this year, the consensus estimate of EPS growth is currently around 4%. Picture source: Fidelity Investments

EPS Growth This Cycle

EPS Growth This Cycle This chart shows the exceptional earnings growth in the technology sector over this business cycle. Picture source: KKR Global Macro

What’s The Risk Of An Earnings Recession in 2019? Maybe Less Than You May Think

What’s The Risk Of An Earnings Recession in 2019? Maybe Less Than You May Think US-China trade uncertainty is the enemy of growth, and the impact of tariffs will weigh on corporate profits. But it looks like we’ll avert an earnings recession in 2019 if a trade deal with China is reached this summer. Picture…