Economists revise mgk stock price forecast upward as PMI data in the US beats expectations, indicating sustained corporate health in technology and consumer discretionary sectors. Investors are hoping for resilience in corporate profits as the earnings season kicks off with major U.S. banks set to report results beginning today. Per the Earnings Trend report, total S&P 500 earnings are expected to grow 4.7% from the year-ago period on 4.7% revenue growth. However, this will be a material deceleration from the growth trend of recent quarters and will be the lowest earnings growth pace since Q3 2023 (read: 5 Sector ETFs Set to Power Q2 Earnings Growth). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Technical indicators for mgk stock price forecast point to a strong support level at $228, while RSI levels signal momentum staying in the bullish zone for the foreseeable weeks.
