By: Jeff Buchbinder, CFA, Chief Equity Strategist, LPL Financial & Ryan Detrick, CMT, Chief Market Strategist, LPL Financial
Corporate America has been on quite a run. Coming into 2021, S&P 500 Index companies were expected to generate less than $170 in earnings per share. As 2022 begins, it looks like that number may end up higher than the latest LPL Research estimate of $205, one of the biggest earnings upside surprises ever and a big reason why stocks did so well last year. But 2021 earnings are not yet fully in the books. We have one more quarter to go, which we preview here.
Read the full commentary here: weekly-market-commentary-1.10.2022