Still Strong Earnings

It was a week of earnings data releases! This week we have received several pieces of data that can provide some guidance as to how the economy performed in the first quarter. Even with the good news, the market is not soaring to new highs. It is awaiting many other company results before deciding to fly high again, even with strong earnings data released.

Here are a few highlights:

· We learned that GDP grew in the first quarter by 3.2%, topping expectations.

· Amazon beat estimates with strong earnings report

· Other stocks such as 3M largely disappointed in their earnings release.

This week brought some mixed reports of earnings releases. Some companies beat their estimates in a big way and others had missed their estimates. As we continue over the next couple of weeks with earnings season we continue to wait for an overall consensus after all companies report.

So what are you doing in the waiting?

The market has returned to its all-time high levels. Are you taking this opportunity to make changes as you look ahead into next year’s presidential election? Maybe you have many years to let your funds grow so this is an opportunity to invest. We may look back and see these years as the days we should have been invested more.

We are reassured by the strong earnings companies are reporting of their company operations. Be thoughtful as you invest going forward so you are investing for your future, not someone else’s!

Wondering how this affects your investments? Schedule a call with Michelle and Steve to discuss your portfolio today.

Image Credit: https://www.wsj.com/articles/mueller-report-release-11555590084