What's in Store for Materials ETFs in Q2 Earnings?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 23 2024
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Source: NASDAQ.COM
Materials Sector Performance: The materials sector has shown resilience in 2023, with key ETFs experiencing gains as the U.S. economy remains strong; however, a significant earnings decline of 20% is expected for the sector overall.
Earnings Reports Impact: Upcoming earnings reports from major companies like Linde, Air Products, Dow, Ecolab, and Newmont will be crucial in determining ETF performance, with some companies showing potential for positive surprises despite the overall negative trend.
Analyst Views on FMAT
Wall Street analysts forecast FMAT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FMAT is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 58.290
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Current: 58.290
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
