This is absolutely incredible.
Corporate America is currently on pace for the biggest earnings beat EVER recorded.
S&P 500 companies are beating earnings per share estimates by an aggregate +29.2%.
To put this into perspective, the 5-year average stands at +7.0%, which is already historically high.
In other words, S&P 500 companies are now beating already high expectations by ~4.2 TIMES the 5-year average.
On top of this, the blended net margin for the S&P 500 is up to 16.9%, also an all time high.
Even if you removed Alphabet’s $98 billion gain from unrealized equity investments and Amazon’s $53 billion gain from Anthropic, S&P 500 earnings growth would STILL be +32.0% year-over-year.
We are in the midst of the largest investment boom in history.
A daring mission to rescue one of NASA’s crucial space observatories from falling to Earth has encountered issues of its own — but there may still be hope for both spacecraft to beat the odds. https://t.co/z3wpURTFM3
After stepping down from Noma, René Redzepi is returning to the Copenhagen restaurant as creative director, laying out an ambitious vision even as questions about its culture persist. 🔗: https://t.co/D6KHxO9wN1