What to Expect From the Second-Quarter Earnings Season

The transcript discusses the impact of trade tensions on earnings calls, expectations for a strong earnings season, and the sources of revenue growth, particularly from the commodity and technology sectors. It highlights the effects of tax reform on earnings growth and the dynamics between value and growth trades. The discussion also covers sector-specific margin growth, focusing on technology and transportation.

What is the expected EPS growth for the upcoming earnings season?

• Over 10%

• Over 40%

• Over 20%

• Over 30%

Which sectors are contributing significantly to the 9% revenue growth?

• Energy and Materials

• Healthcare and Finance

• Retail and Consumer Goods

• Automotive and Aerospace

How does the tax reform impact earnings growth in 2018?

• It decreases growth by 5%

• It increases growth by 10%

• It has no impact

• It increases growth by 7%

What is a key factor that could lead to a rotation from growth to value stocks?

• A decrease in interest rates

• A shrink in growth differential

• A rise in unemployment

• An increase in inflation

Which sector is expected to see strong margin growth?

• Retail

• Transportation

• Healthcare

• Technology