{"id":2509,"date":"2026-11-03T11:34:38","date_gmt":"2026-11-03T16:34:38","guid":{"rendered":"https:\/\/inti.llc\/?p=2509"},"modified":"2026-11-03T11:34:39","modified_gmt":"2026-11-03T16:34:39","slug":"20261103-sp-500-utilidades-correccion","status":"publish","type":"post","link":"https:\/\/inti.llc\/en\/20261103-sp-500-utilidades-correccion\/","title":{"rendered":"Correcci\u00f3n en el mercado: Entre el miedo y la oportunidad"},"content":{"rendered":"<p>El mercado accionario estadounidense arranc\u00f3 noviembre con ca\u00eddas de 1.39% en el Nasdaq 100 y de 0.51% en el S&amp;P 500.<\/p>\n\n\n\n<p>Si miramos la correcci\u00f3n desde los m\u00e1ximos del 6 de octubre:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Nasdaq 100: Se ha ajustado un 10.62% desde su pico reciente, situando su rendimiento en lo que va del a\u00f1o (YTD) en torno al +11%.<\/li>\n\n\n\n<li>S&amp;P 500: Acumula una ca\u00edda del 3.6% desde su m\u00e1ximo, dejando su rendimiento YTD actual cerca del +10%.<\/li>\n<\/ul>\n\n\n\n<p>A pesar del ruido y la volatilidad reciente de octubre, el saldo en lo que va del a\u00f1o sigue siendo s\u00f3lido.<\/p>\n\n\n\n<p>Pero aqu\u00ed est\u00e1 el dato clave: ya report\u00f3 el 60% de las empresas del S&amp;P 500. \u00bfLa sorpresa? El crecimiento de utilidades se ubica entre 25% y 30%. Y este no es un evento aislado: es el tercer trimestre consecutivo con utilidades creciendo por encima del 25%.<\/p>\n\n\n\n<p>Entonces, la narrativa cambia: el problema no es la falta de crecimiento corporativo, sino el temor de los inversionistas. Hay incertidumbre sobre el aumento en el gasto de capital (Capex) y el rumbo financiero de las tecnol\u00f3gicas.<\/p>\n\n\n\n<p>Pero nos preguntamos: si las ganancias siguen aumentando con tanta fuerza, \u00bfno es sensato asumir que las inversiones en Capex s\u00ed est\u00e1n dando resultados?<\/p>\n\n\n\n<p>Si las utilidades mantienen este ritmo, el m\u00faltiplo precio-ganancia proyectado (P\/E) caer\u00e1 por debajo de 18x. Esto representar\u00eda un descuento del 10% frente al promedio de los \u00faltimos 5 a\u00f1os.<\/p>\n\n\n\n<p>Algo no cuadra, \u00bfverdad?<\/p>\n\n\n\n<p>Las utilidades crecen, los precios de las acciones suben a un ritmo m\u00e1s lento y las valorizaciones se abaratan un 10%&#8230; \u00bfy al mercado no le gusta eso? \ud83d\udcc9\ud83e\udd14<\/p>\n\n\n\n<p>Suena a oportunidad, \u00bfno?<\/p>","protected":false},"excerpt":{"rendered":"<p>El mercado accionario estadounidense arranc\u00f3 noviembre con ca\u00eddas de 1.39% en el Nasdaq 100 y de 0.51% en el S&amp;P 500. Si miramos la correcci\u00f3n desde los m\u00e1ximos del 6 de octubre: A pesar del ruido y la volatilidad reciente de octubre, el saldo en lo que va del a\u00f1o sigue siendo s\u00f3lido. Pero aqu\u00ed [&hellip;]<\/p>","protected":false},"author":6,"featured_media":2510,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2509","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-noticias"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Correcci\u00f3n en el mercado: Entre el miedo y la oportunidad - Inti<\/title>\n<meta name=\"description\" content=\"Las utilidades del S&amp;P 500 crecen m\u00e1s de 25% por tercer trimestre seguido, pero el \u00edndice corrige. \u00bfMiedo del mercado u oportunidad de valuaci\u00f3n?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/inti.llc\/en\/20261103-sp-500-utilidades-correccion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Correcci\u00f3n en el mercado: Entre el miedo y la oportunidad - Inti\" \/>\n<meta property=\"og:description\" content=\"Las utilidades del S&amp;P 500 crecen m\u00e1s de 25% por tercer trimestre seguido, pero el \u00edndice corrige. \u00bfMiedo del mercado u oportunidad de valuaci\u00f3n?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/inti.llc\/en\/20261103-sp-500-utilidades-correccion\/\" \/>\n<meta property=\"og:site_name\" content=\"Inti\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/inti.llc\" \/>\n<meta property=\"article:published_time\" content=\"2026-11-03T16:34:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-11-03T16:34:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/inti.llc\/wp-content\/uploads\/2026\/11\/Cover-template-landscape-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1640\" \/>\n\t<meta property=\"og:image:height\" content=\"924\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Emilio C\u00f3rdova Heredia\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Emilio C\u00f3rdova Heredia\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/inti.llc\\\/20261103-sp-500-utilidades-correccion\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/inti.llc\\\/20261103-sp-500-utilidades-correccion\\\/\"},\"author\":{\"name\":\"Emilio C\u00f3rdova Heredia\",\"@id\":\"https:\\\/\\\/inti.llc\\\/#\\\/schema\\\/person\\\/66de54b1af976394a93a9dce69b021c4\"},\"headline\":\"Correcci\u00f3n en el mercado: Entre el miedo y la oportunidad\",\"datePublished\":\"2026-11-03T16:34:38+00:00\",\"dateModified\":\"2026-11-03T16:34:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/inti.llc\\\/20261103-sp-500-utilidades-correccion\\\/\"},\"wordCount\":283,\"publisher\":{\"@id\":\"https:\\\/\\\/inti.llc\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/inti.llc\\\/20261103-sp-500-utilidades-correccion\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/inti.llc\\\/wp-content\\\/uploads\\\/2026\\\/11\\\/Cover-template-landscape-1.png\",\"articleSection\":[\"Noticias\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/inti.llc\\\/20261103-sp-500-utilidades-correccion\\\/\",\"url\":\"https:\\\/\\\/inti.llc\\\/20261103-sp-500-utilidades-correccion\\\/\",\"name\":\"Correcci\u00f3n en el mercado: Entre el miedo y la oportunidad - 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