Describing the earnings reports for Q2 and the impact on the market with Wealth E&P
August 9, 2021
Welcome to Wealth Enhancement & Preservation’s Market Minute, where we get to update you on everything that happened in the financial markets this past week. My name is Joseph Thompson, CPA, and I am a Wealth Advisor at Wealth E&P’s Cartersville, Georgia office.
Last week, the Dow Jones closed at an all-time record high. This was due in part to excellent earnings reports, where 87% of companies have beaten their revenue estimates.
Let's take a look at how this compares to prior quarters.
In this chart above, you can see revenues compared to the prior year; Q2 of 2021 is far and away the best year-over-year revenue growth. This is due to a strong market, of course, and also a poor comparison in Q2 2020.
At the sector level, all 11 sectors show revenue growth year over year, which is a great sign.
Corporations and analysts are raising revenue guidance for upcoming quarters, which mirrors our indicators and the strength of the economy. We are monitoring our indicators and expect to see a great second half of 2021.
If you have any questions for us, if you want a risk profile, or if you would like a retirement projection, please feel free to reach out or visit www.wealthep.com. Otherwise, stay tuned for our next Market Minute next week!
At Wealth Enhancement & Preservation, we are here to serve as your financial advisor and source of support in the Alpharetta, GA, Cartersville, GA, and Charleston, SC areas. Our advisors are dedicated to simplifying the complexities of the financial world and as your advocate, we strive to learn about your most valued goals and dreams. From individual investors to entrepreneurs, our services are designed for your success.