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This, along with stellar corporate earnings, provided support for valuations and created a basis for stock prices to go up. With the second-quarter reporting season coming to a close, the S&P 500 is on course to achieve its highest quarterly earnings growth rate since the fourth quarter of 2009.
With economic activities returning to pre-pandemic levels, many companies have raised their outlook. Best Buy Co. Inc. (NYSE:BBY) and Box Inc. (BOX) are the two companies that have raised their growth forecast and are well-positioned to gain significantly in the near term.
