Record-Breaking S&P 500: Tech Cuts Boost Earnings for 493 Companies Amid Market Breadth Concerns

New York, New York, USA United States of America
493 companies in S&P 500 expected to post positive earnings growth for first time since Q4 2023
Market breadth concerns raised due to narrow rally of a few stocks
S&P 500 reached a record close of 37 times in Q2 2024
Tech companies' cuts fueled earnings growth for other sectors
Record-Breaking S&P 500: Tech Cuts Boost Earnings for 493 Companies Amid Market Breadth Concerns

The S&P 500 (SP500) index reached its 37th record close on July 12, 2024. This milestone comes as market breadth concerns have been raised due to the narrow rally of a few stocks. The other 493 companies in the S&P 500 are expected to post positive earnings growth for the first time since Q4 of 2023 in this quarter (Q2 2024). This growth is attributed to cuts made by tech companies, which have fueled earnings. However, other types of companies are now anticipated to experience similar benefits from these cuts. The longevity of this trend will depend on upcoming earnings reports.

Bob Pisani reported on July 12, 2024 that the stock market rotation's durability is yet to be determined by upcoming earnings. This comes as small caps have been outperforming large caps in recent times, potentially leading the bull run.

The S&P 500's record-breaking performance and market breadth concerns are significant developments that warrant further examination. The impact of tech companies' cuts on other sectors and the upcoming earnings reports will provide insight into whether this trend is here to stay or a one-day wonder.


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Confidence

90%

Doubts
  • Small caps have been outperforming large caps in recent times, potentially leading the bull run
  • The longevity of this trend depends on upcoming earnings reports

Sources

97%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Upcoming earnings will determine whether the stock market rotation is here to stay or a one-day wonder

CNBC News Bob Pisani Friday, 12 July 2024 14:30
  • Unique Points
    • Upcoming earnings will determine the stock market rotation's longevity
    • Bob Pisani reported on this topic on July 12, 2024
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

92%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Will Small Caps Lead The Bull Run Now?

Investors.com Financial News Site Analysis - Comprehensive Report on Market Coverage and Analysis - Overall Rating: 90/100 (Highly Reliable, Informative, and Engaging Source of Financial Information). Investor's Business Friday, 12 July 2024 22:59
  • Unique Points
    • The article focuses on the potential leadership of small caps in the bull run.
  • Accuracy
    • ]The S&P 500 achieved its 37th record close on Wednesday.[
    • Upcoming earnings will determine the stock market rotation's longevity.
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

99%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Market breadth concerns grow as S&P 500 rally carries on

Yahoo Finance Julie Hyman Saturday, 13 July 2024 16:01
  • Unique Points
    • The S&P 500 achieved its 37th record close on Wednesday.
    • Market breadth concerns have been raised due to the narrow rally of a few stocks.
    • The other 493 companies in the S&P 500 are expected to post positive earnings growth for the first time since Q4 of 2022 in this quarter.
    • The cuts made by tech companies have fueled earnings growth, but now other types of companies are expected to see the benefits of those cuts.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication