These surprising stocks could be some of the biggest drivers of S&P 500 earnings growth — SkimNews
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- FactSet identifies Micron Technology, Nvidia, Meta Platforms, EchoStar, and Boeing as the five stocks expected to be the biggest contributors to S&P 500 Q3 earnings growth, in a new report.
- Boeing is among three firms — Meta and EchoStar — that recorded steep charges and expenses a year ago, creating favorable year-over-year comparisons the source says will make this quarter's results look especially strong.
- The five companies are characterized as an "unlikely quintet" — surprising top contributors to S&P 500 earnings growth rather than the usual heavy hitters.
- The source frames Boeing's, Meta's, and EchoStar's expected Q3 strength as a base-effect comparison tied to the prior year's charges, rather than presenting it as an operational turning point.
Why it matters: Three of the five top S&P 500 Q3 earnings contributors — Boeing, Meta, and EchoStar — get their expected lift from favorable year-over-year comparisons to steep prior-year charges, not from current-quarter operational strength. Much of the index's expected Q3 earnings growth rests on those base effects, per FactSet's own framing.
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