Earnings beat
According to data from FactSet, over half of S&P 500 companies have reported their earnings so far, and among these companies, 80% have beaten expectations!
This is probably the reason why the bears are unable to push the market down.
Meanwhile, troubled First Republic bank is in trouble again. Will they reignite the banking fear?
$SPDR S&P 500 ETF(SPY.US$ $S&P 500 Index(.SPX.US$ $E-mini S&P 500 Futures(JUN4)(ESmain.US$ $E-mini NASDAQ 100 Futures(JUN4)(NQmain.US$ $Crude Oil Futures(JUN4)(CLmain.US$ $CBOE Volatility S&P 500 Index(.VIX.US$ $USD(USDindex.FX$ $Roblox(RBLX.US$ $Tesla(TSLA.US$ $Apple(AAPL.US$ $Amazon(AMZN.US$ $Microsoft(MSFT.US$ $First Republic Bank(FRC.US$ $NVIDIA(NVDA.US$ $Advanced Micro Devices(AMD.US$ $Alphabet-C(GOOG.US$
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Gilley : probably cause earnings expectations where already crazy low for all the companies in the markets literally can't find one where there expectations where higher then last quarters everything was lowered to make markets look better then they were
真韭菜无双 : Maybe it's because profit expectations are too low
Cow Moo-neyOP Gilley: Haha yeah, lower the expectations so that they can beat it
Cow Moo-neyOP 真韭菜无双: Yes haha
Gilley : just look at intel worst ever earnings beat lol was crazy and green on earnings lol
Cow Moo-neyOP Gilley: Maybe the market was expecting something even worst than this
Disguised Hunter : Earnings expectations have been lowered countless times, and I can't say it will pass even more than Miss
Cow Moo-neyOP Disguised Hunter: If you take it again, you won't be saved
101785677 Cow Moo-neyOP: expecting intel to announce bankruptcy? lol worst ever loss in company history turns out to be a “beat”
小刘 Gilley: Do you own it too
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