The bull run in shares could have additional room for a stampede.”We’re within the early innings of a bull market the place the earnings restoration story has barely begun,” Bradesco BBI’s head of fairness technique Ben Laidler advised Yahoo Finance Govt Editor Brian Sozzi on the Opening Bid podcast (video above; pay attention in right here).Laidler, whose résumé consists of stints at HSBC and JPMorgan, thinks there is a chance of two rate of interest cuts this yr from the Fed — which ought to gas additional investor pleasure past anticipated sturdy earnings progress.These elements might assist carry shares not less than 100% over 5 years, Laidler contended.”Earnings would possibly simply compound at 15% a yr if the financial system retains chugging alongside and also you get just a little little bit of a number of enlargement, which I feel decrease rates of interest would justify,” he stated.The present bull marketplace for shares is seen as beginning in October 2022, when the S&P 500 (^GSPC) reached its most up-to-date low. Since then, the index has gained a scorching 55%.The features have been powered by enthusiasm round AI, which has pushed names resembling Nvidia (NVDA) and Apple (AAPL) to report highs.This yr, the momentum has carried the Dow Jones Industrial Common (^DJI) past 40,000 and the S&P 500 past 5,000.The S&P 500 has managed to tack on a 15.3% improve within the first half of 2024. That is the sixteenth strongest begin to a yr since 1950, in response to information from Truist chief markets strategist Keith Lerner. The S&P 500 has now risen in seven of the previous eight months.A part of Laidler’s thesis might be put to the take a look at this coming earnings season, which begins with outcomes from banks resembling JPMorgan (JPM) and Wells Fargo (WFC).FactSet pegs second quarter earnings progress for S&P 500 firms at 8.8%. If achieved, it would mark the very best year-over-year progress charge because the first quarter of 2022. It should additionally characterize the fourth consecutive quarter of year-over-year earnings progress for the index.Double-digit-percentage earnings progress is anticipated within the Communications Companies (18.5%) and Data Know-how (16.1%) sectors.“We’re in a really basically supported market. Earnings are recovering, and charge cuts are coming,” added Laidler.The outlook for AI shares nonetheless seems sturdy regardless of big-time features, Goldman Sachs portfolio supervisor Brook Dane stated on Opening Bid. Hear in beneath.3 times every week, Yahoo Finance Govt Editor Brian Sozzi fields insight-filled, market-focused conversations and chats with the most important names in enterprise on Opening Bid. Discover extra episodes on our video hub. Watch in your most well-liked streaming service. Or pay attention and subscribe on Apple Podcasts, Spotify, or wherever you discover your favourite podcasts.Story continuesClick right here for in-depth evaluation of the newest inventory market information and occasions shifting inventory pricesRead the newest monetary and enterprise information from Yahoo Finance