The Good News in Earnings Season

Corporate earnings reports flash a bright spot in an uncertain economy.

With nearly all of the companies in Standard & Poor's 500-stock index having reported, second-quarter earnings season is just about over. When the next round begins the week after the Fourth of July, shareholders should expect festivities but little in the way of financial fireworks.

That’s because the stock market forgets its jitters during the weeks when a raft of companies issue their periodic profit reports and comments about the business outlook. During earnings season, stock prices move with corporate news, as opposed to what may be going on in the Middle East or Greece. And the bottom line is that corporate bottom lines represent a bright spot in an otherwise sluggish economy.

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Jeffrey R. Kosnett
Senior Editor, Kiplinger's Personal Finance
Kosnett is the editor of Kiplinger's Investing for Income and writes the "Cash in Hand" column for Kiplinger's Personal Finance. He is an income-investing expert who covers bonds, real estate investment trusts, oil and gas income deals, dividend stocks and anything else that pays interest and dividends. He joined Kiplinger in 1981 after six years in newspapers, including the Baltimore Sun. He is a 1976 journalism graduate from the Medill School at Northwestern University and completed an executive program at the Carnegie-Mellon University business school in 1978.