The 3 Biggest Earnings Beats for Q2 as of August 1, 2024

Stock prices follow earnings. This nugget of investing wisdom essentially says the most important thing long-term investors should focus on is the profits a company makes. Over time, a company growing its earnings will move the stock higher.Of course, it’s not a hard-and-fast rule. We’ve all seen stocks beat earnings estimates, and raise their outlooks for the year and the stock still falls. But that’s a short-term phenomenon. Successful, profitable companies will ultimately win the day.It stands to reason, ...