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Furthermore, companies have been reporting record profit margins in the second quarter despite the impact of inflation. S&P 500 companies’ overall earnings for the second quarter are expected to grow 76% year-over-year, representing their best growth since 2009.
Corporate earnings reports for the second quarter have been great so far and are expected to remain favorable for investors. So, we think Illumina, Inc (ILMN), Regeneron Pharmaceuticals, Inc. (REGN), and Innospec Inc . (IOSP) could be worth adding to one’s watchlist because they surpassed earnings estimates this quarter and are expected to deliver strong performance in the coming quarters.
