Citi has a bullish outlook for 2024 earning growth, expecting earnings to grow nearly 10 percent. Citi US Equity Strategy Director Drew Pettit tells Yahoo Finance Live that when it comes to stocks, “It’s not about valuation anymore, it’s about earnings and fundamentals.” Pettit sees tech's continued contribution to earnings growth but states plainly that “It’s all about broadening." Pettit believes that earnings growth will have to come from sectors beyond the Magnificent Seven to power stocks in 2024. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Eyek Ntekim is a finance journalist who writes for various Yahoo Finance platforms, including Yahoo Finance Canada, Yahoo Finance, and Yahoo Finance Singapore. With a focus on market analysis and financial trends, Eyek provides insights into stock market performance, investment strategies, and economic developments. Eyek's work has also been featured in Yahoo Finance France and Yahoo News UK.