Earnings

Earnings season begins in the week ahead with eye-popping growth set to validate market’s 2021 run

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Traders on the floor of the New York Stock Exchange, June 25, 2021.

Source: NYSE

Second-quarter earnings reporting season gets underway in the week ahead and eye-popping results could validate a market that continues to easily shake off any concerns on its steady march to record high after record high.

The second quarter’s profits for S&P 500 companies are expected to be up 65% from the same quarter a year ago in the depths of the pandemic, according to Refinitiv. The growth will be led by a near 570% increase in profits for industrials, one of the hardest hit sectors during the pandemic.

“The second quarter could be as good as it gets for economic growth,” said Callie Bost,…



Source cnbc.com

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