S&P 500 Q1 earnings estimated growth improves; stocks up for week
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Morgan Stanley explains why stocks aren't reacting to the high earnings beat rate
April 29, 2024 6:31 AM EDTDespite earnings consistently surpassing earnings expectations, there have been muted price reactions in stocks, prompting analysts at Morgan Stanley to explore the underlying factors contributing to this apparent discrepancy in a note Monday.
The investment bank stated that unpredictable data and tough rate comparisons are challenging multiples in the near term.
"1Q earnings season has delivered a high beat rate with muted price reactions," said the bank in its... More
