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Look For Another Strong Earnings Season In Second Quarter

Look For Another Strong Earnings Season In Second Quarter

Look For Another Strong Earnings Season In Second Quarter
Stock Market
Thursday, June 14, 2018 - 11:32

Investing.com - Investors are already looking forward to another muscular earnings season, but don't expect the second-quarter performance to rival that of the first, which was the best in more than a decade.
FactSet is forecasting a double-digit increase. The 2017 corporate tax cut will once again help earnings, but not as much as in the previous quarter.A record number of companies posted better-than-expected earnings in the first quarter.
In the second quarter, all 11 sectors of the S&P 500 should post gains.
Energy is expected to lead all sectors with a triple-digit increase, thanks to the powerful recovery in oil prices, according to the Wells Fargo (NYSE:WFC) Investment Institute.
Earnings for the materials, financial and information technology sectors are all forecast to rise 20% or more, according to Wells Fargo.
PepsiCo (NASDAQ:PEP), Delta Air Lines (NYSE:DAL), Citigroup (NYSE:C), Wells Fargo and JPMorgan Chase (NYSE:JPM) kick off earnings season the week of July 13th.

© Reuters.
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