Consumer Discretionary Sector Faring Worst This Earnings Season 2 comments
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So far 26% of S&P 500 companies have reported their second quarter results. As shown below, companies for the most part have beaten their analysts' expectations.
As of 7:30 am Monday morning, the top down consensus estimate for the market was raised a full percentage point. Strong earnings numbers and the positive revision of the market's forecast provides a foundation for the large gains made so far this year.
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