As you know, we're about halfway through earnings season, and so far, the results have been positive. About 77% of the companies that have announced earnings have been better than expected, beating most analysts' projections and driving stock markets higher.
We still have about five weeks left in earnings season, and I wouldn't be surprised to see the global markets continue to rally. Better-than-expected earnings coupled with institutional investors scurrying to buy back in will support the market during this time.
And the leaders in this rally will continue to be stocks with solid earnings growth in the strongest economy in the world right now -- China. We've already seen this incredible strength in a number of my China Strategy recommended companies.
What's even better is that they didn't achieve higher profits through aggressive cost-cutting measures like most U.S. companies. Instead, Chinese companies have taken advantage of the strength of the Chinese economy and consumer, adding nicely to their bottom lines.
Two weeks ago, I discussed how Chinese companies were going to post solid earnings, not just OK results to easily hurdle analysts' lowered expectations. At that time, I even advised you to buy into my China Strategy education services company and the Google of China before they reported, as both were set to report blowout earnings and send their shares higher.
Boy, I hope you were listening!
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