Sp500 futures chart the S&P 500 futures chart shows a

The S&P 500 futures chart shows a modest pullback to 5,170, possibly a healthy pause before the next leg higher. Active traders are watching key moving averages as dynamic support zones. A. O. Smith : Headquartered in Milwaukee, WI, the company is one of the leading manufacturers of commercial and residential water heating equipment, and water treatment products in the world. With improving supply chains, higher shipments are expected to drive AOS’ growth. Robust demand for residential water heaters and commercial water treatment products is a key catalyst behind this company’s growth. The Zacks Consensus Estimate for A. O. Smith’s 2023 earnings has been revised upward by 4.7% in the past 60 days. The Zacks Rank #2 company reported better-than-expected results in each of the last four quarters, the average being 13.96%. Shares of the company have rallied 41.7% in a year. With more investors and traders managing their exposure to ESG trends or the transition to more forms of renewable energy, these assets are positioned to take on a larger role in global economic outcomes. Observing the S&P 500 futures chart, capital flows into defensive sectors hint at cautious positioning, yet upward momentum remains intact due to solid global economic forecasts.