Editor's Note: Below is a brief excerpt from today's Early Look written by CEO Keith McCullough. Click here to learn more about the Early Look.
What isn’t slowing is US Technology (and Nasdaq) Earning’s Growth. Now that we’re > 80% of the way through Q317 Earnings Season, here’s the latest rate-of-change data on that front:
- US Tech in the SP500 currently has an aggregate year-over-year EPS growth rate of +25.7%
- Nasdaq (80 of 102 companies have reported) = aggregate year-over-year EPS growth of +22.1%
- Russell 2000 (182 Tech companies have reported) = aggregate year-over-year EPS growth of +19.8%
Yeah, cry me a river on the “valuation” of some of these companies.
