Commencing the Quarter – Q2’24
This week, our Thought Leadership covers: Key Events this week and Q2’24 Earnings Communication Digest, based on a review of company earnings to date
July 5, 2024
Closing the Quarter – Q1’24
For Q1’24, company performances surpassed already strong expectations, particularly on the bottom line, as executives demonstrated their prowess with productivity initiatives. As a result, the Dow hit 40,000 for the first time in history, and the S&P 500 and Nasdaq also hit record highs after encouraging inflation data this week.
May 17, 2024
The Sector Beat: Materials – Q1’24
As we look at the broader landscape and try to read the tea leaves on behalf of our clients this quarter, the Materials sector – a barometer for the economy – is showing signs of slow, but steady stabilization. Indeed, Materials, one of the “canary in the coal mine” sectors, has now moved to a “variable degree” of optimism, a better place than we were last quarter and the boom-and-bust nature that played out from the Covid-induced cycle. However, with many companies exposed to the consumer, progression will most likely be choppy and bounce along versus linear.
May 10, 2024
The Sector Beat: Consumer Discretionary – Q1’24
There is a noticeable change in executive tone this quarter — one of more caution — as much of the sector grapples with fluctuating and bifurcating consumer buying habits, with pronounced pullbacks this quarter in discretionary spending evident across several industries, including dining and retail. Much hinges on the consistently strong employment environment, though we continue to see a bevy of layoffs as companies manage profitability in a slowing growth environment and as pricing power has slowed at the same time labor costs are climbing.
May 3, 2024
The Sector Beat: Industrials – Q1’24
As we noted heading into earnings season, investor optimism, including that captured in our Industrial Sentiment Survey®, is seemingly outpacing corporate reality at this time, but executive commentary suggests increasing hope and optimism around normalization and back-half acceleration. Flagging headwinds are hampering straight-line momentum and the U.S. Presidential Election is more and more cited as curtail capex confidence, especially large, long-cycle projects. Year-over-year, the tone is improved.
April 26, 2024
The Sector Beat: U.S. Banks – Q1’24
While overall Bank positioning paints the picture of increasing optimism, there remains a continued dosage of caution, and many executives were careful to call an outright turnaround in conditions just yet. But, when we assess tone quarter-to-quarter, it continues to inflect more positively… another sign that 2024 is starting off strong.
April 19, 2024
Commencing the Quarter – Q1’24
We hope you find our primary research timely, insightful, and actionable, beginning with today’s “Commencing the Quarter” and throughout the Q1’24 earnings season as we report on trends and share our data-driven insights.
April 5, 2024
Closing the Quarter – Q4’23
Despite warning signs that have caused concerns in prior economic cycles, many companies at a minimum seem increasingly less worried, and in some cases, outright more confident based on recent quarterly management commentary. Capital allocation trends suggest companies are eyeing growth mode again, particularly with most forecasting a stronger back-half of the year.
March 1, 2024
Earnings Snap – Q4’23
We hope you find our primary research timely, insightful, and actionable. In today’s short-and-sweet thought leadership, we cover: Key Events from this week and Earnings Snap, covering the S&P 500 stats to date
February 23, 2024
The Sector Beat: Materials – Q4’23
We view the Materials sector as a canary in the coal mine and will continue to monitor performance, as a rising tide for this sector tends to lift most ships as they are a leading economic indicator.
February 16, 2024