Fundamental analysis
30 January, 2024
The USA500 is trading currently at 4,925.
The S&P 500, Nasdaq 100, and Dow Jones Industrial Average all closed at fresh record highs on Monday as investors gear up for mega-cap tech earnings.
Apple, Microsoft, Amazon, Alphabet, and Meta Platforms, cumulatively representing nearly $10 trillion in market value, are set to report their fourth-quarter earnings results this week, and the results could set the tone of the stock market for weeks to come.
So far, 25% of S&P 500 companies have reported their fourth-quarter earnings results, with 71% of those companies beating profit estimates by a median of 7% and 68% of those companies beating revenue estimates by a median of 2%, according to data from Fundstrat.