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Gunjan Banerji: S&P 500 operating EPS up 13 percent since start of Q1 reporting
Gunjan Banerji highlights that estimated bottom-up operating earnings per share for the S&P 500 has increased by 13 percent since the start of first quarter reporting in April.
Banerji also references commentary from Leuthold Group, which notes that while upward revisions have been a familiar occurrence over the past year and a half, the current magnitude of increases is unprecedented.
Banerji has previously highlighted notable gains in the technology sector. She reported on Micron's 19.3 percent jump, which lifted its market value above $1 trillion for the first time. In another note, Banerji observed the SOX index trading 60 percent above its 200-day moving average, a level not seen since 2000.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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