Nucleus Wealth Insights

In this rapid insight episode, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, and Head of Advice, Samuel Kerr, delve into the complex landscape of 3rd quarter earnings. The overall trend shows a downgrade in earnings forecasts, signalling a cautious approach by many companies. However, amidst this general downtrend, there exists a noteworthy exception – a group dubbed “The Magnificent 7”. These stocks have not only defied the broader market sentiment but have also showcased remarkable resilience and growth potential. As we dissect these earnings reports, we observe that the market, while grappling with immediate uncertainties, continues to hold a surprisingly optimistic outlook for 2024. This optimism seems rooted in the belief that current challenges are temporary and that a stronger economic environment is on the horizon. Read the Blog Post ⁠here⁠ Watch the full episode ⁠⁠⁠here⁠⁠⁠ To listen in podcast form click ⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠ Get an obligation-free ⁠⁠⁠⁠⁠portfolio recommendation⁠⁠⁠⁠⁠ to see