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Companies are having their best earnings season in nearly 2 years (finance.yahoo.com)

submitted 9 months ago by [email protected] to c/money

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Net profit margins are pacing for 11.7% growth in the first quarter, above the five-year average of 11.5% growth and higher than the same period a year ago, per FactSet.

Largely, this has been driven by cost-cutting, not rising revenues. In 2023, investors cheered Big Tech's cost-cutting efforts that led to significant earnings growth. In 2024, companies outside the tech sector have tapped a similar playbook, setting up the rest of the index for earnings growth through the rest of the year.

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[–] [email protected] 0 points 9 months ago

Anyone who owns shares of the S&P 500 will benefit. It may be the most common stock investment fund in small portfolios.

If your company has a 401k match program, make sure you max it out. It's free money (the match) and you can invest in the S&P 500 through any 401k or IRA.