Wednesday, Nov 02

The Most Important Thing Today (11/2/22)

Proactive communication about what’s going on in the market and the economy is key to building stronger client relationships. Each week, the Helios team breaks down the most important information your clients need into easy-to-understand talking points for you to share.

Let's talk about earnings!

What Are the Q3 Numbers Telling Us?

Concerns have been that inflation would eventually take a toll on corporate profits. With over half of the S&P 500 Index companies reporting Q3 earnings, the results have been optimistic. The average increase in earnings over expectations is 3.76%.

The positive surprises are consistent across sectors. This data has largely helped prop up equity prices in October.

Not conveyed in this data is the poor guidance provided by tech giants Amazon, Google, Microsoft, and Facebook. Embedded in their updates this week were bleak expectations for revenue in Q4.

Source: Helios Quantitative Research, Bloomberg

Team Helios

Team Helios

Helios partners with Financial Advisors to help them grow their business, save time, and add scale to their services through enhanced asset management capabilities. Helios was founded in 2016 in Granite Bay, California.