This earnings season it’s third-quarter guidance that counts
Ok, everyone knows that second quarter earnings, the earnings that companies are reporting right now, are going to be dismal. Overall earnings for the S&P 500 stocks are expected to fall 4.5% year over year. Earnings for technology stocks are expected to be even worse with a year over year decline of 7.4%. But that dismal forecast is by now old news. And a stock market that heads for new highs every day is clearly looking forward to a recovery in the third quarter
Ah, if only a strong economy guaranteed a strong stock market
It’s important to remember that a strong U.S. economy doesn’t guarantee a climbing U.S. stock market. We can see that in likelihood that despite that economic strength the stocks in the U.S. Standard & Poor’s 500 are projected to have turned in yet another quarter–the fifth in a row–of declining year to year earnings when all the numbers are added up for the second quarter of 2016.
U.S. stocks pause ahead of earnings
Not terribly surprising that U.S. stocks are meandering in slightly negative territory today after busting out to new all-time highs. We’re about to head into the meat of earnings season and a little profit taking undoubtedly makes sense to many of those who caught the recent run. Tomorrow JPMorgan Chase (JPM) kicks off a run of earnings reports from big banks. IBM leads off technology earnings on July 18
Stocks take out all-time high of 2135 and close at 2137.16 after trading as high as 2143.16, but don’t answer earnings growth puzzle
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Saturday Night Quarterback says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Saturday Night Quarterback says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Market has second thoughts on Fed’s decision to hold interest rates steady
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...
Trick or Trend: Finally negative earnings surprises that matter?
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Earnings worries move to the fore today
Today marked the official turn in financial market attention from central banks and interest rates to the upcoming–and likely disappointing–U.S. earnings season. Projections are that earnings of the stocks in the Standard & Poor’s 500 stock index will see a year over year decline in earnings of 7% to 7.4%, depending on your data source preference.
How big is the U.S. stock market’s earnings problem Part II
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Adding 2+2 from GDP and the Fed
This morning the Bureau of Economic Analysis reported a revised increase of 1.4% for fourth quarter GDP. The previous estimate had been 1%. Of course, the Fed knew this was coming
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