With Stock Market in Lull, Investors Pin Hopes on Earnings Boom

With Stock Market in Lull, Investors Pin Hopes on Earnings Boom

Corporate earnings are poised to extend a run of double-digit growth in the second quarter, providing a balm for a stock market that has languished as investors have grappled with threats ranging from fractious trade relations to tightening monetary policy. Analysts expect earnings from S&P 500 companies to grow 20% in the second quarter from the year-earlier period, according to FactSet. Despite fears that earnings peaked in the first quarter, they are still on pace for the second-fastest rate of growth in nearly eight years. Revenue is also expected to impress, with projected growth of 8.7% from the year prior—the fastest rate since the third quarter of 2011.

 

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