In the Retail sector, Q2 earnings for S&P 500 companies are up +12.9% with +6.6% higher revenues. 75% beat EPS estimates and revenue estimates. Excluding Amazon, earnings and revenue growth drop to +1.1% and +4.6%, respectively. Small-cap S&P 600 retailers see +2.5% earnings growth on +1.9% higher revenues, with 70.4% beating EPS estimates and revenue estimates.

Tech sector Q3 earnings are expected to rise +11.1% with +11.9% higher revenues. Overall, Q2 earnings for S&P 500 companies are on track to increase by +12.1% with +6.1% higher revenues. Q3 estimates have increased for Finance, Tech, Energy, and Retail sectors, but declined for Medical, Basic Materials, and other sectors.

AI’s second wave presents opportunities beyond Nvidia. Little-known AI firms addressing significant challenges may offer lucrative investments. The favorable revisions trend reflects the market’s recovery from April lows. Q2 earnings results have plateaued recently.

Read more at Nasdaq: Breaking Down Q2 Retail Earnings: Good or Bad?