Test for WP public paper updated 0429
By Alex Cheema-Fox, Antoinette Schoar, Article author with subsection
Apr 28, 2022
Strong results so far. At lot is riding on this earnings season – stocks are up nearly 20% this year while macro headwinds are gathering pace. Slowing growth and more hawkish-sounding central banks are pulling equity multiples lower, leaving it to the strong corporate earnings to propel market higher. And strong they are! Nearly two hundred companies reported their earnings so far with over 70% exceeding analysts’ expectations globally. Proportion of positive earnings surprises is over 80% in the US.Strong results so far. At lot is riding on this earnings
added in 0429