Positive Earnings Lead The Market Higher
This week had a full calendar of corporate earnings reported. Let’s review these results to consider what to expect in the weeks ahead.
Bank of America: 6.45% Positive Surprise
Netflix: 30.88% Positive Surprise
Abbott: In Line with Expectations
The majority of corporate earnings have been strong which has brought the market higher with it. We’ve needed to hear some positive news!
As earnings season continues we expect to see continued volatility. We also expect that most corporations will continue to report good earnings numbers. Seeing these strong numbers has provided some reassurance that the economy really is strong. We hear good reports in other areas from the government like production and unemployment.
Seeing these results from corporations now helps to show the strong economy really is flowing through to companies and its employees as well. We will continue to stay on top of the results as they come in.
Wondering how this affects your investments? Schedule a call with Michelle and Steve to discuss your portfolio today.