Key takeaways from Q2 earnings season: high market volatility, tech leading profit margins, mixed sales results.

From Investing.com: 2024-08-04 05:02:02

The Q2 reporting season has seen high market volatility. 78% of companies beat EPS expectations, but only 58% beat sales estimates. Profit margins are up, with tech leading the trend. Outperforming stocks gained 2.8% while underperformers lost 1.3%. Health Care, Materials, and Financials outperformed, while Consumer Discretionary, Staples, and Energy lagged. Quality and Growth styles had the most beats. EPS estimates for Q2 were up, but Q3 estimates dropped. Materials and Tech sectors showed strong EPS momentum. SocGen highlights profits driving market growth and the impact of US elections on trades for the next six months. Their SG Global Cycle indicator shows an upturn phase. Profit margins are key to sustaining market momentum.



Read more at Investing.com: 10 learnings from this earnings season By Investing.com