FYI: In another busy morning for earnings, we have already seen more than 50 companies report, and like yesterday, the EPS beat rate among these companies has been very strong at 67%. Unlike yesterday, though, the revenue beat rate hasn't been nearly as strong as just under half of the companies reporting so far have managed to post better than expected revenues.
With the S&P 500 closing just above its former record high yesterday, one would think the last seven months have been nothing more than running on a treadmill for the stock market. A look deeper, though, shows that there has been no shortage of big winners (and losers) in terms of industries.
Regards,
Ted
https://www.bespokepremium.com/interactive/posts/think-big-blog/morning-lineup-flat-morning-after-record-highs
