CNBC: Earnings season starts with sky-high stock prices and soaring expectations
Read the full article on CNBC: link.
Excerpt:
Earnings season begins with two major tailwinds: sky-high prices and soaring expectations.
On paper, second-quarter earnings season looks like the mother of all earnings reports, with estimates having risen steadily for the past six months, from expected 45% growth in January to 65% growth today compared with the same period last year.
It’s the strongest rate of growth since 2009, when earnings were just starting to recover from the disaster of the Great Recession.
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