Traders boost bets on Fed rate cuts after producer prices slide

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Stocks will most likely under-react to earnings - Bernstein

January 12, 2024 9:58 AM EST

Stocks will most likely under-react to earnings, according to Bernstein analyst Ann Larson in a note Friday.

Larson explained that S&P 500 earnings for the fourth quarter of 2023 are expected to decline by 0.1% year-over-year on 2.9% higher revenues based on consensus estimates. Meanwhile, earnings growth forecasts are positive for 5... More