Luxury Goods Coverage Constant Currency Revenue Growth The luxury goods sector is expected to grow by 4% in 2024, suggesting a slight decline in the luxury goods market compared to the previous year. Image: BofA Global Research
U.S. Dollar Strength vs. Frequency of Reported Revenue Beats A weaker U.S. dollar is correlated with more revenue beats, reflecting the potential benefits of currency depreciation on corporate financial outcomes. Image: Goldman Sachs Global Investment Research
S&P 500 Revenues Minus S&P 500 Costs Increased costs have outpaced S&P 500 revenue growth, which is not good news. Image: Morgan Stanley Wealth Management
GDP Growth vs. S&P 500 Revenue and Earnings Growth Economic growth tends to drive earnings and revenue growth over the long haul. Image: BCA Research
S&P 500 Total Number of Employees to Total Revenues Ratio In 1986, it took 8 employees to generate US$1 million in revenue. Today, the S&P 500 is 70% less labor intensive than it was in the 80s. Image: BofA Global Research
Valuation – Margin-Adjusted Price/Earnings Ratio on U.S. Stocks and U.S. Stocks Price/Revenue Ratio Will central bank liquidity continue to push valuations higher indefinitely? Image: Financial Times
Valuation – Ratio of Market Value to Total Revenues for Nasdaq 100 Index How high can the Nasdaq 100 go? Image: Financial Times
ISM PMI and S&P 500 Revenues per Share (Leading Indicator) The ISM PMI tends to lead S&P 500 revenues. Image: Yardeni Research
Big Tech – Revenue per Calendar Quarter Big tech continues its growth ahead of the rest of the economy. Image: The Wall Street Journal
Percent of S&P 500 Companies Beating Revenue and EPS Estimates To date, 86% of the companies in the S&P 500 have reported actual EPS above estimates. Image: J.P. Morgan Asset Management