The second quarter earnings season has generally been regarded as better than average, with 446 of the 500 companies within the S&P 500 Index having reported thus far.
According to recent Fact Set research data, 73 percent have reported earnings above mean estimates and, on average, companies are beating expectations by 4.2 percent.
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However, one sector in particular has bounded ahead of its peers, and related ETFs are cashing in. Healthcare companies have been one of the shining stars of the market this year and continue to show impressive relative strength.
According to data compiled by Bloomberg, “Ninety percent of healthcare companies have exceeded analysts’ profit forecasts so far this reporting ...More...