May 27, 2020Filed under: Weekly Market Commentary

EARNINGS SEASON'S MIXED RESULTS

Jeffrey Buchbinder, CFA, Equity Strategist, LPL Financial Ryan Detrick, CMT, Senior Market Strategist, LPL Financia

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Boone Wealth Advisors

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First quarter earnings season offered something for everyone. On the positive side, corporate America produced solid results outside of the COVID-19 pandemic trouble spots, which included retailers, travel related businesses, and banks. At the same time, 2020 earnings estimates have plunged, and a return to “normal” earnings could be two years or more away.

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