[CITIC Securities: High Earnings Growth in U.S. Stocks May No Longer Be Limited to Leading Tech Companies] According to a report by Jinse Finance on October 11, a research report from CITIC Securities pointed out that as U.S. stocks showed resilience to interest rate sensitivity during the domestic holiday period, investors' focus will shift next week to the upcoming Q3 earnings season for U.S. stocks. LSEG consensus forecasts indicate that the year-over-year growth rates for revenue and earnings of the S&P 500 index in Q3 2026 are expected to be 1.2% and 45.0%, respectively, with a slight decline compared to the previous quarter. At the industry level, year-over-year earnings growth in energy, information technology, materials, and healthcare sectors all exceed 50%. This suggests that the high earnings growth in U.S. stocks may no longer be concentrated solely in leading tech companies, as the contribution from non-tech sectors is significantly increasing. Regarding Hong Kong stocks, the report notes that the overseas interest rate hike cycle, combined with the restart of AI-driven momentum trading, continues to pressure liquidity. However, fundamental expectations have likely bottomed out, and earnings growth expectations for major broad-based indices have begun to be revised upward. Adjustments to industry earnings expectations show significant divergence, with some niche sectors being revised upward, while domestic demand-related industries still face downward pressure. The upcoming Q3 earnings will be a critical indicator for assessing the progress of recovery. CITIC Securities advises investors to remain patient with Hong Kong stocks, predicting that short-term dividend strategies will likely continue to outperform. - [Original Link](https://www.(chaincatcher.com)/article/2295485)