We saw some great news from one of my favorite growth stocks that many of my wealth management clients have owned for years. Global leader in online dating Match Group (NASDAQ: MTCH) jumped 20% today, hitting a new all-time high after reporting awesome second-quarter results that crushed expectations. Here are some highlights from the press release.
2017 is turning out to be another great year for cannabis stocks as the sector rallies back to the all-time high on a steady stream of good news. After falling into a bear market this spring cannabis stocks have been on a tear. The Canadian cannabis index is up 68% in the last 10 weeks, jumping back to the all-time high.
Third quarter earnings season is peaking – and the results have been excellent.
More than half of the S&P 500 has reported earnings. According to data from Zacks Investment Research earnings are up 8.7% from the same period last year on 6.7% revenue growth. 76% of company’s have beaten earnings estimates while 66% have beaten revenue estimates.
The second quarter of 2017 is history. That means it’s time for me to drop in for an update to let all my clients and friends know what is happening in the market – and what to expect in the third quarter and rest of the year. It was another solid quarter for US and global stocks. And I am expecting a strong second half of the year.
First quarter earnings season is almost over – and the results have been excellent. With 90% of the S&P 500 reporting, earnings are up 14.2% from the same period last year. That’s a huge year-over-year increase. Revenue is up 7.7%. 73.3% of reporting companies have beaten earnings estimates. This earnings growth represents an important turning point for the S&P 500.