Part of the Amazon (AMZN - Free Report) earnings disappointment reflected the impact of the by-now familiar headwinds of logistical bottlenecks and rising expenses. But the other part is the ‘normalization’ of the ecommerce giant’s business after a period of unusually strong demand during the pandemic.
Many market watchers suspected that the strong business trends for Amazon and others during the pandemic was a result of demand getting ‘pulled forward’ that will eventually need to be accounted for. Part of what we are seeing with Amazon, Netflix (NFLX - Free Report) and many others is essentially that trend at play.
Big part of the Tech sector are still thriving. In fact, most Tech companies servicing enterprises, as against consumers, are still seeing strong demand trends. Operators in cloud computing, artificial intelligence, data analytics and other areas are enjoying strong demand trends, though the stock market doesn’t appear to be in the mood at present to appreciate those distinctions.
With respect to the Q1 earnings season scorecard, we now have results from 417 S&P 500 members or 83.4% of the index’s total membership. Total earnings for these companies are up +8.6% from the same period last year on +14.9% higher revenues, with 80.6% beating EPS estimates and 75.8% beating revenue estimates.
For more details about the Q1 earnings season and expectations for the coming periods, please check out our weekly Earnings Trends report >>>>Breaking Down the First Quarter Earnings Season So Far
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
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Part of the Amazon (AMZN - Free Report) earnings disappointment reflected the impact of the by-now familiar headwinds of logistical bottlenecks and rising expenses. But the other part is the ‘normalization’ of the ecommerce giant’s business after a period of unusually strong demand during the pandemic.
Many market watchers suspected that the strong business trends for Amazon and others during the pandemic was a result of demand getting ‘pulled forward’ that will eventually need to be accounted for. Part of what we are seeing with Amazon, Netflix (NFLX - Free Report) and many others is essentially that trend at play.
Big part of the Tech sector are still thriving. In fact, most Tech companies servicing enterprises, as against consumers, are still seeing strong demand trends. Operators in cloud computing, artificial intelligence, data analytics and other areas are enjoying strong demand trends, though the stock market doesn’t appear to be in the mood at present to appreciate those distinctions.
With respect to the Q1 earnings season scorecard, we now have results from 417 S&P 500 members or 83.4% of the index’s total membership. Total earnings for these companies are up +8.6% from the same period last year on +14.9% higher revenues, with 80.6% beating EPS estimates and 75.8% beating revenue estimates.
For more details about the Q1 earnings season and expectations for the coming periods, please check out our weekly Earnings Trends report >>>>Breaking Down the First Quarter Earnings Season So Far
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
See New Top 10 Stocks >>
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