S&P 500 Earnings: Healthy Quarterly Bump In Forward Estimate; Tech Sector Trends
Summary
- The big banks start reporting next Friday, July 12th, ’24. The June CPI and PPI data are also due this week.
- The forward 4-quarter estimate jumped $9 this week as the old quarter (Q2 ’24-Q1 ’25) fell off and new quarter was added (Q3 ’24-Q2 ’25), with the new forward 4-quarter estimate now $261.39.
- The S&P 500 earnings data is supportive of the bull market narrative. Revenue growth for the tech sector is starting Q2 ’24 at its highest level in 18 months.
Brian Gilmartin, is a portfolio manager at Trinity Asset Management, a firm he founded in May, 1995, catering to individual investors and institutions that werent getting the attention and service deserved, from larger firms. Brian started in the business as a fixed-income / credit analyst, with a Chicago broker-dealer, and then worked at Stein Roe & Farnham in Chicago, from 1992 - 1995, before striking out on his own and managing equity and balanced accounts for clients. Brian has a BSBA (Finance) from Xavier University, Cincinnati, Ohio, (1982) and an MBA (Finance) from Loyola University, Chicago, January, 1985. The CFA was awarded in 1994. Brian has been fortunate enough to write for the TheStreet.com from 2000 to 2012, and then the WallStreet AllStars from August 2011, to Spring, 2012. Brian also wrote for Minyanville.com, and has been quoted in numerous publications including the Wall Street Journal.