Institutions expect that the S&P 500’s Q1 earnings will only increase by 4.5%. Do you support buying?

Analysts expect Q1 earnings for the S&P 500 to rise 4.5% from a year earlier, given signs of rising global costs ranging from energy to labor, according to FactSet. And last year they surged 31% in Q4. Earnings in energy stocks are expected to more than triple, while earnings in the industrials and materials sectors are expected to rise more than 30%; while profits in financials, consumer discretionary and communications services are expected to decline. Analysts also expect the S&P 500's Q1 net profit margin to be 12.1%, above the five-year average of 11.2%, but lower than the record 13.1% in Q2 2021.

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