Corporate America Is Having Its Best Earnings Season in 13 Years
- Strengthening global economies and weaker dollar fuel gains
- Almost 80% of the S&P 500 have topped earnings estimates
Rhino Trading's Block Expects New Highs in Equities
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Overseas demand is driving the best earnings season for U.S. companies in 13 years, with top executives from Dow Chemical Co. to Morgan Stanley citing rising foreign sales, a dynamic that should help propel gains in the second half.
With nearly every global economy showing growth, corporate profits in the second quarter have beaten estimates at more than three-quarters of the Standard & Poor’s 500 member companies. In every sector, at least half of the companies have surpassed or met expectations, with many also getting a boost from a sinking U.S. dollar.