Analysts are cutting estimates of large technologies and adding another red flag to future markets. “In a significant reversal, Big Tech now contributes little to negative revisions for the fiscal year, despite the small impact on its market cap, and in There is some dispersion in the six Mega-Cap names. “On Friday, he added that the financial industry now contributes to the maximum earnings expectations. This shift is putting pressure on the total S&P 500 gross earnings expectations. Barclays noted that earnings per share is expected to be $271 in 2025, down from the previous consensus of $273 per share. To be sure, the full-year forecast for the year will usually fall on this as expectations are re-evaluated. However, as investors pay attention to the AI boom, Tech has been the main driving force for forward earnings estimation in recent years. XLK YTD Mountain Tech industry is the latest sign this year that the stock market, which just reached its all-time high last week, could fall back in the near term, especially as the “magnificent seven” is losing momentum. NVIDIA has fallen 6% this year, and other momentum stocks have weakened. Alphabet lost 7%, while Amazon fell 6% this year. Consumer discretion and information technology sectors are the two largest S&P 500 of the year, down 6% and 3% respectively. In fact, they are the only two departments in a negative territory so far. “If you want to take this blow, … it makes me a little nervous.” Still, Woods has seen some bright spots in this market,” said Jay Woods, chief global strategist at Free Capital Markets. . “The money is still not leaving this market. It is still spinning under the ground. The number of stocks that beat the S&P 500 is impressive,” Woods added: “This is not the right stock.”
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