Nvidia's 84% Expected Profit Growth Looms Large In S&P 500.

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    • Subject Terms:
      ELI Lilly & Co. LLY; PFIZER Inc. 001326495 PFE
    • Abstract:
      According to a FactSet report, S&P 500 companies are expected to have a 4.1% growth rate in third-quarter earnings. However, this number could increase to over 7% if companies like Nvidia, Alphabet, and Meta Platforms exceed expectations. The top three sectors with the highest forecasted earnings growth rates are Information Technology, Communication Services, and Health Care. Nvidia's profit is expected to rise by 84% in the third quarter, significantly contributing to the Information Technology sector's growth. Alphabet and Meta Platforms are also expected to have strong earnings growth in the Communication Services sector. Pfizer and Eli Lilly are two companies driving the expected 10% earnings jump in the Health Care sector. The Energy sector, on the other hand, is expected to experience a decline in earnings. [Extracted from the article]
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