![]() stocks paralleled movements in global equity markets to start the week, with major stock indexes in Europe and Asia largely falling on renewed concerns a COVID outbreak in China may spur another wave of lockdowns and further disrupt global supply chains. “The lower earnings growth rate for Q1 2022 relative to recent quarters can be attributed to both a difficult comparison to unusually high earnings growth in Q1 2021 and continuing macroeconomic headwind,” John Butters, a FactSet senior earnings analyst, said in a note. The magnitude of the earnings beat, however, is below the five-year average: 8.1%, compared to 8.9%. Shares fell roughly 4% in extended trading.įacebook parent company Meta ( FB), Apple ( AAPL), and Amazon ( AMZN) are set to report quarterly results on Wednesday and Thursday.Īs of Friday, one-fifth of companies in the index have reported results for the first quarter so far, with 79% reflecting an earnings beat for the period – above the five-year average of 77%, according to the latest available data from FactSet. The tech giant showed resilience in its key search and YouTube advertising businesses. Google's parent company Alphabet ( GOOG, GOOGL) kicked off reporting from mega cap tech names, revealing first-quarter sales that were roughly in-line with estimates. Investors are in the heart of earnings season, with the S&P 500’s most heavily-weighted components scheduled to report earnings results this week. "As long as the economy is basically healthy (which it is) and as long as policymakers are on top of things (which they are), companies will keep growing and making money." "In the short term, it is painful, but in the longer term? It really doesn’t mean much," McMillan said. "We are seeing signs that growth is slowing, and there is talk of a recession in the next year or two," Brad McMillan, Chief Investment Officer for Commonwealth Financial Network, said in an emailed note, adding however that what we have seen is a "typical, if sharper than usual, market cycle." This month, however, markets were wrought by Russia's war in Ukraine, continued worries around the Federal Reserve's rate hiking cycle, inflationary and supply chain pressures, and fears the culmination of these headwinds may result in an economic slowdown. Survivor begins on BBC One and iPlayer on October 28."I do think this is going to continue to be a market where we might have one step forward, two steps back in terms of absorbing some of the headlines that we’re seeing," JP Morgan Asset Management Global Market Strategist Meera Pandit told Yahoo Finance Live.Īpril has historically been a strong month for stocks, and has produced a positive return for the S&P 500 in 15 of the last 16 years, LPL Financial's Ryan Detrick pointed out in a note earlier this month. Last year, when the revival was rumoured, we at Digital Spy argued why it's the perfect time to bring it back. While Survivor is huge in the US, it only aired two series in the UK in the early 2000s. I can't wait to be boots on the ground, working with Paul Osborne, Stephen Lovelock and the fantastic team at Remarkable to make this epic series for the BBC." ![]() Natalka Znak, CEO of Remarkable Entertainment, added: "Survivor is 'the greatest gameshow on earth' for a reason – it has everything – reality, adventure, drama, and the ultimate game. ![]() "Survivor is a global television hit and to be able to bring one of TV's most successful formats to audiences in the UK in a uniquely BBC way is a very exciting prospect indeed," Director of Unscripted at the BBC Kate Phillips said in a statement. Related: I'm a Celebrity 2023 cast rumours – from Olivia Attwood's return to a Drag Race winner ![]()
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