While banks are expected to submit results in this week, investors have already shifted their focus. They now primarily focus on the earnings throughout the second quarter (Q2) of the year. There are various sectors that are expected to contribute to these earnings include finance, aerospace, technology, energy, and various industrial and construction products.
Outstanding earnings performances across the market ought to lead the price rally of stocks from all these sectors. This surely gives us an idea that we must keep a sharp eye on mutual funds from different sectors, which are likely to leverage the earnings from the Q2.
Increasing Predictions for Q2 Earnings
In accordance with the estimates, S&P 500 index has its earnings for the Q2 are expected to increase +5.7% as compared to that during the same period last year, which was recorded to be +4.6%. On the other hand, the net earnings of S&P 500 group beyond Q2 are expected to enhance 6.3% on 4.5% greater revenues and achieve 9.8% on 5.3% greater revenues in Q3 and Q4 respectively.
Corsair Capital, the event-driven long-short equity hedge fund, gained 6.6% net during the second quarter, bringing its year-to-date performance to 17.5%. Q2 2021 hedge fund letters, conferences and more According to a copy of the hedge fund's second-quarter letter to investors, a copy of which of ValueWalk has been able to review, the largest contributor Read More
In fact, the net earnings for the index for the whole year are expected to be +4.6% on greater revenues. This is going to be beyond 1.1% earnings growth on 2.1% greater revenues as recorded later year. S&P 500 is expected to have its earnings +11.3% and +9.2% in 2018 and 2018 respectively.
Top Performing Mutual Funds to Buy This Year
In this article, we have chosen six major sectors, based on the mutual funds that have been major contributors to the Q2 earning growth. These funds are expected to outperform their peers in the near future. Always keep in mind that the prime motto of these funds is to make sure the investors are provided with adequate information to identify both the winners and losers. These funds primarily focus on the future success of the mutual funds and not just their performance in the past.