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Wall Street Today: S&P 500 Hits Record To Start Short Week
Live Stock News: Short Week with a Slow Start
Bank of America: The growth in EPS for S&P 500 Index companies in the fourth quarter is the strongest since 2021.
Bank of America strategists stated that U.S. corporations recorded the strongest year-on-year profit growth in over three years in the fourth quarter. Bank of America strategists Ohsung Kwon and Savita Subramanian mentioned in a report to clients on Tuesday that approximately 84% of the companies in the S&P 500 Index have reported earnings during this earnings report cycle, with an EPS year-on-year growth of 13%, the highest increase since the fourth quarter of 2021. The earnings guidance provided by companies has been relatively weak, however, the corporate confidence index from Bank of America has risen to a record level; this index measures the positive and negative sentiment expressed during earnings calls.
BofA Securities Maintains Workday(WDAY.US) With Buy Rating, Maintains Target Price $285
Software Stocks Are on Fire - and the Party Can Keep on Going This Year
While Shareholders of Workday (NASDAQ:WDAY) Are in the Black Over 5 Years, Those Who Bought a Week Ago Aren't so Fortunate
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