It's earnings season. And so far, 425 of S&P 500 companies have reported second quarter year-over-year sales and earnings growth of 5.5% and 10.1% respectively.
If the 10.1% current earnings growth rate holds, it will mark the second highest year-over-year growth since the fourth quarter of 2011, which came in at 11.6%, according to FactSet. It will also mark the first time the S&P 500 has seen two consecutive quarters of double-digit earnings growth since the third and fourth quarter of 2011 (16.7% and 11.6% growth respectively).
Investing Implications
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