Second-quarter earnings recap: Here’s what Wall Street is saying about this quarter’s winners and losers, and where the market goes from here

• Second-quarter earnings season is concluding, giving analysts new data to direct their investments.
• Morgan Stanley, RBC, and Bank of America recently broke down earnings themes they saw.
• Tech and consumer discretionary were the winners, while energy and health care enjoyed big pops.

The second-quarter earnings season is quickly coming to an end, and it’s time to tally the wins and losses.

While earnings across the market came in better than expected, expectations were lower than investors may have noticed, and many earnings beats didn’t come with the usual same-day pop in share price.