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🎈 Earnings Surprises Below 2Q, 30% Of S&P 500 Reported: Cable FX Macro

  • 146 companies of the S&P 500 index have reported earnings, 78% of reported companies have turned in positive earnings surprises. However, the aggregate earnings beat 3Q reads at 7.1%, this is below the prior quarter figure of 7.7%

  • Earnings price reactions have been negative on a broad index basis. Utilities and communications have seen positive reactions in securities as they turn in upside earnings surprises. Tech, financials, and consumer discretionary stand subdued despite delivering some of the largest upside beats


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