Wall Street consensus expects earnings to grow 9% from the same period last year during the second quarter, which would mark the largest year-over-year gain since the 2021’s fourth quarter. NYSE senior market strategist Michael Reinking joins Catalysts to give insight into how this round of earnings season may shape up. “I think very much like the markets, the expectations within those earnings estimates are kind of bifurcated, right? So we’ve seen this strength at the top end in terms of the mega-cap tech stocks. I think the expectations for those stocks are very, very high. So the bar is set very high at this point,” Reinking tells Yahoo Finance. Reinking believes institutional investors could use weaknesses in earnings as an opportunity in options market: “If you look at sort of kind of positioning in and around options markets and the dispersion that we’ve seen within markets, right? You’ve seen, kind of index level volatility remain very low, but that single stock volatility has been really high, right? So I’d expected to see these outsized moves on a single stock basis…”
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