‼️Wall Street strategists are CAPITULATING on earnings estimates:
➡️ S&P 500 earnings have been revised DOWN for 17 consecutive weeks, the longest streak since the 2022 BEAR MARKET. ➡️The share of firms with higher less lower EPS revisions hit 48%, the highest since the 2020 CRISIS. Source: Global Markets Investor, Liz Ann Sonders, Bloomberg
Updated version of our Q1 2025 earnings season preview, data as of April 7, 2025.
The season kicks off this Friday with all eyes on the big banks. Over 50% of S&P 500 firms mentioned tariffs in their Q4 conference calls according to FactSet, could we see that number go higher? Source: Wall Street Horizon @WallStHorizon
Roughly 80% of the stocks in the SP500 said the word tariffs on their last earnings call
Source: Evan on X
$BABA beats on the big three revenue, adjusted net income and adjusted EPS!
"Cloud revenue growth accelerated to double digits at 13% year-over-year, with AI-related product revenue achieving triple-digit growth for the sixth consecutive quarter" Source: The Transcript
ONE BILLION DOLLAR BABY.....
FOR THE FIRST TIME EVER 🚀 Robinhood $HOOD just had its first quarter with more than $1 Billion of Revenue Source: Evan
BREAKING: Amazon stock, $AMZN, falls over -7% despite reporting stronger than expected Q4 2024 earnings.
Source: The Kobeissi Letter @KobeissiLetter
With deepSeek and tariffs, we almost forgot that we are in the middle of the earnings season.
FactSet notes that beats are being rewarded above average and misses are being punished around average.
BREAKING: Alphabet stock, $GOOGL, falls over -7% after reporting Q4 2024 earnings.
Source: The Kobeissi Letter
