By David Aurelio
As the S&P 500's 19Q1 earnings season enters the final stretch, Broadcom, Inc. (AVGO) delivered a heavy blow to the Semiconductors and Semiconductor Equipment industry when it reported revenue below expectations and provided a cautionary warning related to U.S.-China trade and OEM inventory levels.
Nearly all of the S&P 500 companies (496) have reported 19Q1 earnings and roughly three quarters (75.6%) have beat expectations. As a result, first-quarter earnings are now expected to increase 1.6%. This is an improvement from the expected 2% decline and the earnings recession that was expected at