Research Detail
| 2022/07/25 / Erste Group Research |
Positive quarterly earnings support the equity market Rating changes: Cadence Design Systems, Intuit, Elevance Health (previously: Anthem) The Global Equity Index posted a +8% gain so far in July (EUR). Stocks from the consumer cyclical, healthcare and technology sectors outperformed. The outlook for corporate earnings growth is broadly stable for 2022 (2022e: +7.3%). However, 2023 earnings growth is then expected to be lower (2023e: +3.3%) than this year. The forecasts for 2023 have stabilized after the declines in 2Q in July. The solid quarterly earnings of numerous major companies so far have led to a decline in volatility on the stock markets and ultimately to an improvement in investor sentiment. The proportion of investors with a positive market assessment has increased slightly in the USA in recent weeks, but remains below the long-term average. We see this - coupled with the positive quarterly results - as a positive sign for the stock market. |
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General information
| Author | Erste Group Research |
| Date | 2022/07/25 |
| Language |  |
| Product name | Recommendation List |
| Topic in focus | Equities |
| Economy in focus | Eurozone, Germany, United States |
| Currency in focus | Euro, US Dollar |
| Sector in focus | Automobiles & Parts, Banks, Basic Resources, Chemicals, Construction & Material, Financial Services, Food & Beverage, Health Care, Industrial Goods & Services, Insurance, Media, Oil & Gas, Personal & Household Goods, Retail, Technology, Telecommunications, Travel & Leisure, Utilities |
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Related financial instruments
Page 6 of 6
| Name | ISIN | # Erste Group products |
| UniCredit | IT0005239360 | 0 |
| Unilever | GB00B10RZP78 | 0 |
| UnitedHealth Group | US91324P1021 | 0 |
| Vale | BRVALEACNOR0 | 0 |
| Verizon | US92343V1044 | 0 |
| Vertex Pharmaceuticals | US92532F1003 | 0 |
| Vestas Wind Systems | DK0010268606 | 0 |
| Vinci | FR0000125486 | 0 |
| Visa | US92826C8394 | 0 |
| Volkswagen | DE0007664039 | 4 |
| Walmart | US9311421039 | 0 |
| Walt Disney | US2546871060 | 0 |