Market Momentum Builds for Key Earnings Reports Amid Strong Quarter
Several S&P 500 companies enter earnings season with significant analyst optimism and upward estimate revisions. Gold miner Newmont and AI hardware suppliers Amphenol and Lam Research show particularly strong momentum heading into their quarterly reports amid broader market strength.
Earnings Season Shows Strong Start
The third-quarter earnings season is reportedly off to a robust beginning, with major bank results earlier this week helping lift markets despite ongoing volatility tied to macroeconomic concerns. According to analysis from FactSet’s John Butters, the S&P 500 Index will likely report earnings growth above 13% for the third quarter. This would mark the fourth consecutive quarter of double-digit profit growth for the broad market benchmark, sources indicate.