Tech Giants’ Earnings to Set Market Tone as S&P 500 Eyes Fourth Straight Quarter of Growth
Apple, Meta, Alphabet, and Amazon stand at the forefront of a pivotal earnings season, with their results poised to dictate the trajectory of the S&P 500. These tech behemoths collectively influence market sentiment, index weighting, and broader financial trends. FactSet anticipates a 13% surge in S&P 500 profits for Q3—marking the fourth consecutive quarter of growth.
Fifteen stocks, including Alphabet and Visa, have captured Wall Street's attention as analysts revise EPS forecasts upward by at least 20% over recent months. Alphabet's projected $2.28 per share earnings reflect a staggering 112% increase from six months ago, while Visa's estimated $2.97 per share profit signals a 41% jump. Alphabet's stock has rallied 63% in six months, with a consensus price target suggesting 18% further upside.
