“The good news for investors is that it appears Varney and Trump are correct. S&P 500 companies are expected by analysts to earn a record $131.67 a share in 2017, an increase of 10.3%, according to FactSet,” Van Doorn writes. “And analysts forecast earnings growth of 11.1% for 2018 and 9.5% for 2019.”
“Apple Inc. didn’t set an earnings record when it released fiscal third-quarter results on Aug. 1, but it beat analysts’ expectations and contributed to the overall earnings record that Trump has been crowing about. Earnings were up 12% to $8.72 billion, and earnings per share jumped 18% to $1.67,” Van Doorn writes. “We have put together a list of the 20 S&P 500 companies that have done two things: 1. increased sales per share the most over the past 12 reported months through Aug. 1; 2. improved gross profit margins…”
Read more in the full article here.
MacDailyNews Take: A rising tide lifts all boats.
Apple beats Street – August 1, 2017