Eddid Financial·2025-11-03 11:24Group 1 - The core view of the report indicates that the growth style in the US stock market is leading, with the technology sector being the main focus [1][2] - The report highlights that the expected earnings growth for the Nasdaq index is 13.2% year-on-year, while the S&P 500 is expected to grow by 8.7% [5][18] - The report emphasizes that the capital expenditure of the top ten technology companies is projected to reach $398.2 billion in 2025, a year-on-year increase of 58.3%, which directly drives the earnings growth of the S&P 500 [6][40] Group 2 - The report notes that investor confidence in the US economy and stock market has been continuously recovering since May 2025, with a positive trend strengthening [12][15] - The report states that 83% of S&P 500 companies reported actual earnings per share (EPS) exceeding expectations in Q3 2025, marking the highest level in nearly 17 quarters [41][45] - The report indicates that the technology sector is expected to lead earnings growth in 2025 and 2026, with significant contributions from companies with strong AI capabilities [50][55] Group 3 - The report discusses the performance of large-cap growth stocks, which have outperformed small-cap stocks in five out of seven time dimensions analyzed [46][49] - The report suggests that the current resilient US economy, combined with a rate-cutting cycle, will continue to favor large-cap growth stocks in the market [46][50] - The report highlights that the technology sector, particularly companies with strong AI capabilities, will be the main beneficiaries of future market trends [50][55]