Last week showed just how great corporate earnings were, with a vast majority of the S&P 500 beating estimates significantly so far this earnings season. The "low base effect" of being for the most part completely shut down last year for most companies contributed greatly to year over year growth, but analysts still got it wrong. The stock market reaction in many cases was muted and many companies who otherwise reported excellent results and outlook sold off. This will no doubt create some near term buying opportunities for great companies including
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The Recovery Is Here - Now What?
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Last week showed just how great corporate earnings were, with a vast majority of the S&P 500 beating estimates significantly so far this earnings season. The "low base effect" of being for the most part completely shut down last year for most companies contributed greatly to year over year growth, but analysts still got it wrong. The stock market reaction in many cases was muted and many companies who otherwise reported excellent results and outlook sold off. This will no doubt create some near term buying opportunities for great companies including