$Morgan Stanley (MS.US)$ 's Michael Wilson anticipates 'easy...
$Morgan Stanley(MS.US$ 's Michael Wilson anticipates 'easy earnings beats' this season, as lowered expectations set a minimal growth bar.
Despite a 7% cut in Q4 profit estimates, US firms are likely to show modest growth. Early reports show positive surprises, but the response has been tepid.
HSBC also expects beats, with the highest growth in health care, tech, and communication sectors.
However, 2024's projected 11% S&P 500 earnings growth may face adjustments with anticipated Fed rate cuts.
Despite a 7% cut in Q4 profit estimates, US firms are likely to show modest growth. Early reports show positive surprises, but the response has been tepid.
HSBC also expects beats, with the highest growth in health care, tech, and communication sectors.
However, 2024's projected 11% S&P 500 earnings growth may face adjustments with anticipated Fed rate cuts.
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