News

This week, we’re covering Materials in our Sector Beat — a must read if you’re interested in gleaning insights into broader economic indications for 2024.

Technology continues to dominate headlines and for good reason: the sector is experiencing somewhat of a renaissance. Developments in AI are hitting the market at an unprecedented cadence, with those companies most able to benefit from the AI revolution in the near term seeing actual and expected earnings rise along with stock multiples.

Similar to commentary we observed in our Big U.S. Banks Sector Beat, management teams continue to see consumer spending normalizing, but overall better than feared as some investors and corporate executives had been bracing for recession risk in early 2024.

In our early analysis of industrial earnings thus far, “stability” was the common tone evoked on calls — a welcomed message from one of the economy’s largest constituencies, and a far cry from recession projections heard throughout much of last year.

With a wall of worry resurrected earlier in 2023 for the sector, U.S. Bank year-end earnings performances seemed more muted in comparison.

This week officially commences Q4’23 Earnings Season!

Welcome 2024 – what is sure to be another dynamic year packed with opportunities, challenges, and surprises. Today’s The Big So What™ we will take look at key trends in place or emerging that we believe will shape 2024

To garner insights into the latest trends, we analyzed the guidance practices of the S&P 500.

How can the issuance of guidance positively impact your company?

At Corbin, the question is not “To provide or not to provide guidance?” but rather, “What kind of guidance should we provide?”