Latest / Markets with Megan: A Quick Financial Markets Update
034: A Comprehensive Review and Recap of the Second Quarter Earnings Season 08-14-23
Megan delivers a comprehensive review and recap of the second quarter earnings season. With over 90 percent of S&P 500 companies having already reported their earnings, Megan highlights that an impressive 80 percent of them have exceeded estimates, surpassing the five-year average. Notably, earnings have surpassed initial estimates by a remarkable five to seven percent, a significant deviation from the typical three to five percent trend.
Megan sheds light on standout sectors, such as consumer discretionary, which has demonstrated sustained demand for areas like hotels, leisure, and…
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