This Could Be a Game-Changer for your Retirement Living

A Positive Earnings Season Amid a Tumultuous Election Season [StreetAuthority]    From Our Partners  [This Could Be a Game-Changer for your Retirement Living]( Did you know the average cost of retirement is $951,000? Will you have enough? I hope so… A recent study revealed that the average amount held in a retirement account today is just $88,400. That means that the typical worker has a $862,600 gap between their actual savings and their retirement. So, you need a strategy that not only gives you income, but that grows that income over the next few years. I built an income strategy to solve the looming issues most retirees face. [This truly is a game-changer for retirement living — watch the presentation here.](   A Positive Earnings Season Amid a Tumultuous Election Season By John Persinos  There’s no shortage of political drama this week, as the Democratic National Convention gathers in Chicago to nominate Vice President Kamala Harris as the party’s nominee. Throughout it all, GOP nominee Donald Trump is ramping up his personal attacks on Harris. As an investor, I consider these proceedings to constitute…entertainment. The real substance this political season is occurring during earnings season. On that score, the news is greatly encouraging. With 93% of companies in the S&P 500 having reported second quarter 2024 operating results, performance has been powerful. Among the companies that have reported, 78% have beaten analyst estimates, with an average upside surprise of 3.5%. Year-over-year earnings growth for Q2 is 10.9%, which is the highest rate since the fourth quarter of 2021. Sector performance is broad, with nine of the 11 sectors reporting year-over-year earnings growth. Five of these nine sectors are reporting or have reported double-digit growth: utilities, information technology, financials, health care, and consumer discretionary. On the other hand, two sectors are reporting or have reported a year-over-year decline in earnings, led by the materials sector. I’m particularly keen on the utilities sector right now, with good reason. The utilities sector reported the highest year-over-year earnings growth rate of all 11 sectors for Q2 at 20.0%. At the industry level, four of five industries in the utilities sector reported year-over-year earnings growth: electric utilities (26%), independent power and renewable electricity producers (25%), gas utilities (23%), and multi-utilities (5%). Water utilities (-1%) is the only industry that reported a year-over-year decline in earnings. It’s interesting to note that the electric utilities industry was the largest contributor to year-over-year earnings growth for the sector. If this industry were excluded, the blended earnings growth rate for the utilities sector would decline to 8.4% from 20.4%. (“Blended” combines actual earnings results with projections.) As economic growth remains resilient, demand for electricity has been strong. [Read More...](   [tablet with stock lines]( [Trade on Tuesday. Profit on Friday. Rinse & Repeat]( Trading Legend Jim Fink, just unleashed the world’s first “rinse and repeat” trade... and it’s helping regular investors double their money every week like clockwork. This simple trade plays out each Tuesday — and could double your money by Friday. His next trade goes live soon. Make sure you don’t miss it. [Get the full details now.]( You are receiving this email at {EMAIL}as part of your subscription to StreetAuthority. To ensure that you receive these emails, [please add us to your address book.]( [Terms](   [Privacy](   [Unsubscribe]( ©2024 [[ StreetAuthority ]] [[ 20 Pidgeon Hill Drive, Suite 202, Sterling, VA 20165 ]] All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited.