In the past week, 174 companies from the S&P 500 index reported for Q1 2024. Today, let's look at the results of Meta Platforms. Its revenue amounted to $36.4B. It grew by +5.8% compared to the corresponding value for the previous quarter and exceeded analysts' expectations by 0.8%. Let's analyze the company's business in more detail.
Over the past 3 months, the S&P 500 Index has grown by +4.2%. However, Energy (+13.7%) and Materials (+8.9%) sectors performed better. Among the industries, the best performers over the period were Leisure Products (+26%), and Construction & Engineering (+22%). Among the companies, the best performers over the period were Super Micro Computer (+80%), Constellation Energy (+55%) and General Electric (+55%).
It was a very interesting week, which was an almost perfect illustration of what investors value and how their emotions and psychological state affect the market. And while the first half of the week was dominated by corporate news, macroeconomic factors came to the fore at the end. Now, let's talk about everything in turn. This is a quick review from Ivan Kompan, Edinburgh Business School analyst.
As we noted in the last week's issue, over the past three months, one of the leaders of growth in the S&P 500 index has been the Metals & Mining industry +21.0%. Some of the largest companies in this industry (by market capitalization): Freeport-McMoRan ($71.1B), one of the largest producers of copper, gold and molybdenum in the world, and Nucor ($45.7B), ranked No. 1 in the US and No. 11 in the world among steel companies.
In the past week, 37 companies from the S&P 500 index reported for Q1 2024. Today we will consider Netflix. Its revenue is $9.3B. It grew by +3.6% compared to the corresponding value for the previous quarter and exceeded analysts' expectations by +7.3%. Let's analyze the company's business in more detail.
Over the past 3 months, the S&P 500 Index has grown by +2.6%. However, Energy (+18.5%) та Communication Services (+9.2%) sectors performed better. Among the industries, the best performers over the period were Consumer Finance (+22%), and Metals & Mining (+21%). Among the companies, the best performers over the period were Super Micro Computer (+68%), Constellation Energy (+58%) and General Electric (+42%).
It was a very interesting week, which was an almost perfect illustration of what investors value and how their emotions and psychological state affect the market. And while the first half of the week was dominated by corporate news, macroeconomic factors came to the fore at the end. Now, let's talk about everything in turn. This is a quick review from Ivan Kompan, Edinburgh Business School analyst.
Today we will talk about General Electric, whose stock has been one of the growth leaders over the past 3 months. During this period, General Electric stock has risen by +49.2%. At the same time, the industrial sector, to which the company belongs, grew by +10.1%, and the S&P 500 index by +7.2%. As you can see, General Electric shares show better returns than the sector average.
In the past week, 9 companies from the S&P 500 index reported for Q1 2024. Today we will analyze Delta Air Lines. Its revenue is $13.7B. It grew by +1.6% compared to the corresponding value for the previous quarter and exceeded analysts' expectations by 8.8%. Let's analyze the company's business in more detail.
Over the past 3 months, the S&P 500 Index has grown by +7.2%. However, Energy (+17.7%) та Communication Services (+15.7%) sectors performed better. Among the industries, the best performers over the period were Semiconductors & Semiconductor Equipment (+33%), and Interactive Media & Services (+20%). Among the companies, the best performers over the period were Super Micro Computer (+161%), Constellation Energy (+69%) and Nvidia (+60%).
