Artemis Investment Limited – Stock futures rise as investors brace for flurry of earnings reports

HONG KONG - April 19, 2022 - PRLog -- Contracts on the S&P 500 and Nasdaq rose 0.3% and 0.4%, respectively, after both indexes settled at one-month lows at the closing bell. Futures tied to the Dow Jones Industrial Average jumped 100 points heading into overnight trading. Meanwhile, Treasury yields continued their climb, with the 10-year U.S. benchmark reaching 2.86%, the highest since December 2018.

Quarterly results from 69 companies in the S&P 500 are in the queue for investors to digest through Friday. Big names on the docket of earnings set for release this week include United Airlines (UAL), American Express (AXP) and Tesla (TSLA). Netflix (NFLX), which is slated to report quarterly earnings after market close Tuesday, will provide investors insights into whether subscriber growth at the streaming service has slowed down post-COVID-19.

As of Monday, 53% of 34 S&P 500 companies (comprising 10% of index earnings) that have reported so far beat on both sales and earnings per share, Bank of America's research team pointed out, slightly better than the typical Week 1 beat rate of 47% and last quarter's Week 1 rate of 50%. The institution expects a first quarter EPS beat of 4% but anticipates downside risks to the full year 2022 estimates, which imply earnings accelerating every quarter into next year.

About Artemis Investment Limited:

Originally established to assist expatriates access financial services in SE Asia, Artemis Investment Limited is a leading independent, boutique financial advisory firm which now caters to a global client base.

Based in Hong Kong for the last 60 years, we have adapted our services to account for the financial world in the 21st Century. We are a borderless company whose staff come from a variety of backgrounds but are united by one attribute, customer focus and objectives above all else.

We understand that many clients know where they want to be, but may not have the knowledge on how to get there. This is where our specialist expertise within the financial services sector is essential in providing the correct timing, opportunity and ultimately, the correct result to establish a lengthy and equitable relationship. This is something that our 20,000 + clients have learnt first-hand.

To find out more, or to sign up to the Artemis newsletter, visit https://www.artemis-hk.com