The State Of The Stock Market In 18 Charts
Portfolio Pulse from Sam Ro
The stock market has shown resilience with the S&P 500 up 9.5% year to date, benefiting from a quiet week in economic data and earnings announcements. Key insights include the S&P 500's exposure to China, the significant global employment by its companies, and the complex relationship between interest rates and stock performance. Corporate America's profit margins are improving, and the near-term earnings outlook is positive. The 'Magnificent 7' stocks have led market gains but are expected to see cooling earnings growth. Stock buyback activity remains high, and recession concerns are diminishing. Historical data suggests that the stock market generally trends upwards, with seasonal patterns indicating potential buying opportunities ahead.
May 13, 2024 | 3:14 pm
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NEUTRAL IMPACT
Amazon, a key player among the 'Magnificent 7', is expected to see a deceleration in earnings growth, impacting its market leadership.
Amazon's significant market presence is challenged by anticipated slower earnings growth, which may influence its short-term market performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Alphabet, among the 'Magnificent 7', has been a key driver of the stock market's performance, though its earnings growth is anticipated to slow.
Alphabet's significant contribution to market performance is under scrutiny as earnings growth is expected to decelerate, impacting short-term outlook.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Meta Platforms, among the 'Magnificent 7', is poised for a slowdown in earnings growth, despite its substantial influence on market trends.
Meta Platforms' inclusion in the 'Magnificent 7' highlights its market impact, but the anticipated slowdown in earnings growth could dampen short-term prospects.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Microsoft, as part of the 'Magnificent 7', has contributed significantly to market gains but is expected to see cooling earnings growth.
Microsoft's inclusion in the 'Magnificent 7' highlights its significant market influence. However, the expected cooling of earnings growth could temper short-term expectations.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
NVIDIA, part of the influential 'Magnificent 7', faces expectations of slower earnings growth despite its strong market impact.
NVIDIA's role in the 'Magnificent 7' underscores its market strength, but the forecasted slowdown in earnings growth could affect its short-term performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Tesla, a crucial part of the 'Magnificent 7', may experience a cooling of earnings growth, affecting its role in driving market gains.
Tesla's position in the 'Magnificent 7' underscores its importance, but the expected deceleration in earnings growth presents a challenge to its short-term market influence.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80