S&P 500 companies in North America achieve 8.4% higher quarterly earnings amid recession preparation.
S&P 500 companies in North America outperform with 8.4% higher quarterly earnings, as firms prepare for potential recession by cutting costs and building cash reserves. This cautious strategy has led to more optimistic forecasts and faster revisions of earnings forecasts. Companies' focus on stable revenues and reduced recession mentions in earnings calls have contributed to this positive trend.
May 12, 2024
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