Bloomberg Surveillance · Friday, July 31, 2026
Victoria Fernandez noted that Corporate America is performing well, with blended earnings expectations for the second quarter showing growth close to or exceeding thirty percent. However, she expressed concern that this may be 'as good as it gets' and highlighted that not all companies are being rewarded for their performance, particularly some high-growth names if the return on investment isn't clear.
“It seems like they're doing quite well. Right when we look at the blended earnings expectations, those that have reported plus expectations, I mean, you're what, you're close to thirty a little over thirty percent earnings growth for the second quarter.”
“And I think we have to be a little bit worried about is that as good as it gets looking at coming up quarters. But they're actually performing quite well. The problem is they're not all getting rewarded for that. We've seen that in some of the high yer scaler names. A lot of that coming down to the communication around what the ROI is on these names, what the future looks like in terms of this spending that we're seeing. When you're upping your capex by ten twenty percent, investors want to know exactly how they're going to get rewarded for that.”