Earnings season is now well under way in the S&P 500. Below are 2 charts (and 2 stories): earnings surprise & earnings growth for the 129 S&P 500 company’s that have reported thus far for the second quarter of 2020. On the one hand and on the top chart, sales and earnings beats are coming in with the low bar (rightfully so) that analysts have set due to the global slowdown and economic setback. On the other hand and bottom chart, the pace of sales and earnings growth is incredibly negative (also rightfully so).
This will be an interesting and important week with mega-cap tech/consumer discretionary reporting: AAPL, FB, GOOG, and AMZN to name a few!
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