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Adam Khoo: S&P 500 reports 30.2% earnings growth for Q3, surpassing 29.1% estimate

Adam Khoo: S&P 500 reports 30.2% earnings growth for Q3, surpassing 29.1% estimate
S&P 500 Q3 earnings exceed forecasts

The S&P 500 recorded 30.2% earnings growth for the third quarter, exceeding the 29.1% expected at the end of September.

Adam Khoo, executive chairman and co-founder of Adam Khoo Learning Technologies Group, highlighted that forward 12-month earnings per share for the S&P 500 continues to reach new highs as prices remain largely unchanged.

Khoo recently observed that major technology stocks such as Intel and Alphabet saw significant declines while the S&P 500 traded only 3% below its highs in AI-related shares tumble while S&P 500 slides less. He also reported that hedge funds reduced stock allocations at the fastest pace in a decade, according to data from Morgan Stanley in Hedge funds hit panic button harder than in ten years. These previous statements provide context for Khoo’s recent focus on earnings performance.

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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