In this week’s earnings conversation, we discuss why stocks have enjoyed below-average follow through in the market after coming out with strong Q1 results. We grapple with the question of whether this behavior is indicative of market skepticism about the earnings outlook.

Another topic we tackle is the outlook for the Construction sector in the context of the recent run of softish housing data. The question we address is whether the ‘boom outlook’ that we featured in a recent article is still possible given these relatively weak housing starts and other economic readings. We referred to operators in the space like PulteGroup (PHM - Free Report) , Lennar (LEN - Free Report) and others in that context.

We similarly discuss the earnings outlook for the Auto sector in the wake of the ongoing chip shortage and mentioned General Motors (GM - Free Report) , Ford (F - Free Report) and others in that context.

We also touched on the recent strong earnings releases from retailers and what these positive results tell us about the coming quarters.

An updated Q1 earnings season scorecard is shared, showing the earnings and revenue growth rates and the record proportion of these companies beating consensus estimates.

For more details about the Q1 earnings season and evolving expectations for the coming periods, please check out our weekly Earnings Trends report >>>> Strong Retail Sector Earnings

Zacks Names "Single Best Pick to Double"

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>