June 15th Weekly Market Update
Four times a year, investors focus on the most fundamental driver of investment performance: earnings. Unfortunately, like the economy, earnings growth remains sluggish. The second quarter of 2013 is likely to mark another quarter of low to mid-single-digit earnings per share growth.
So far, about 30 of the 500 companies in the S&P 500 Index have reported their earnings for the second quarter of 2013. This week the ball really gets rolling with about 80 companies scheduled to report, with about half of the 500 companies due to report by the end of this month. The trend has not been kind, with estimates for profit growth continuing to fall for the second quarter over the past year.
For the full article: What We Are Watching for This Earnings Season