Looking for reasons to celebrate during the otherwise disappointing fourth-quarter profit season? A few standout S&P 500 companies just gave you some big ones . Eleven companies in the S&P 500, including Corteva ( CTVA ), Lamb Weston ( LW ) and T-Mobile US ( TMUS ), blew away analysts’ fourth-quarter profit forecasts by 30% or more, says an Investor’s Business Daily analysis of data from S&P Global Market Intelligence and MarketSmith . Such massive positive surprises are a big win in this reporting season — now halfway over — which has mostly been a bust. Shares of the 11 companies to trounce earnings forecasts are up an average 13.2% this year — topping the S&P 500’s 7.7% rise. "At the midpoint of the fourth-quarter earnings season, the performance of S&P 500 companies continues to be subpar," says John Butters, analyst at FactSet. "While the percentage of S&P 500 companies reporting positive earnings surprises remained flat over the past week, the magnitude of these earnings surprises decreased during this time, mainly due to negative EPS surprises reported by a number of large technology companies." Where Are The Big S&P 500 Surprises S&P 500 companies normally top earnings estimates each […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
