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JPMorgan: Earnings trends are showing a rotation in certain areas
May 20, 2024 1:46 PM EDTIn an equity strategy memo released this week, analysts at investment bank JPMorgan communicated that they believe earnings trends are showing rotation in certain areas, two in particular.
The bank notes that the first quarter reporting season showed an age-old pattern of beats vs heavily lowered expectations.
"We looked for the beats in Q1 preview, given low hurdle rate and better activity momentum, but also for the stocks not to be rewarded," said the bank. "Interestingly, both beats and misses received a... More
