5 Stocks From The Best Performing Sectors In Q2
Zacks Investment Research | Aug 28, 2019 08:36AM ET
The second-quarter earnings season has been a roller coaster for the S&P 500, with nearly half the sectors reporting earnings growth. The growth was mostly led by the Medical, Business Services and Financial sectors.
The medical sector got a boost in earnings from the discovery of new drugs and approval of patents and surgical equipment, while new job additions and upbeat consumer confidence boosted the business services sector. Retail banking boosted by strong borrowing helped the finance sector to grow.
Outperformers in Q2 2019
The second-quarter has seen growth in three major sectors Medical, Business Services and Finance. The earnings growth in the medical sector has been 7.4% and revenues rose by 6.3% in the second quarter, whereas business services earnings rose by 9.6% and revenues grew by 4.2%. Earnings of the finance sector rose by 4.4% and revenues jumped 8.2%. (Read More: Zacks Investment Research
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