Companies Winning Despite Sour Economy
Provided by MidAmerica Financial Resources
Sometimes, it’s a good idea to get a second opinion.
And this may be one of those times.
Government reports are telling a rather bleak story about the economy. The headlines talk about high inflation, rising interest rates, and a possible recession. But corporations are telling a more upbeat, optimistic story about business conditions.
Aside from a few high-profile misses, most companies have been checking in with solid second-quarter reports in the past few weeks. Through July 22, FactSet reported that 68% of S&P 500 companies reported positive earnings surprises, and 65% reported a positive revenue surprise.
We are encouraged about the economy whenever we see businesses enjoying success. While macroeconomic trends are still a steady headwind, corporate America seems to be sailing straight and true.
MidAmerica Financial Resources may be reached at 618.548.4777 or greg.malan@lpl.com www.mid-america.us
Securities and advisory services offered through LPL Financial, a Registered Investment Adviser, Member FINRA/SIPC.
MidAmerica Financial Resources and Malan Financial Group are separate and unrelated companies to LPL.
This material was prepared by MarketingPro, Inc. for use by MidAmerica Financial Resources.
