Another Impressive Show from Corporate America

According to LPL Research, “Second quarter earnings season was outstanding by many measures. The numbers were strong even without the boost from the new tax law, while guidance was generally positive despite tariffs and trade policy uncertainty. In this week’s commentary, we recap an outstanding second quarter earnings season and highlight three key takeaways.”

Key takeaways include:

  • Second quarter earnings season was quite impressive, with S&P 500 Index earnings growing 25% year over year.
  • A pickup in economic growth, strong manufacturing activity, tax cuts, and a weaker U.S. dollar versus the year-ago quarter were the biggest drivers of strong growth.
  • Looking ahead, guidance was generally positive despite tariffs and trade policy uncertainty

To read more from John Lynch, Chief Investment Strategist, and Jeffrey Buchbinder, CFA Equity Strategist, LPL Financial, click here.