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Optimism reigns as we head into first quarter earnings

Optimism reigns as we head into first quarter earnings

As of April 7 Wall Street analysts are expecting year over year earnings growth of 9.2% for the stocks in the Standard & Poor’s 500 for the first quarter of 2017, according to Yardeni Research. FactSet’s estimates are just slightly lower at 8.9% year...
Sales growth without profits for the holidays?

Sales growth without profits for the holidays?

Solid growth in retail sales for the November and December holiday shopping season. Retail profits not so much. For November, advance estimates show retail and food services sales climbing 3.7% from November 2015, according to the U.S. Census Bureau. For December,...
Qualcomm: Now that’s a surprise

Qualcomm: Now that’s a surprise

Update July 21. After the close of the market yesterday, July 20, Qualcomm (QCOM), the biggest maker of chips that run mobile phones, reported net income of 97 cent a share for the quarter that ended on June 26. That beat the 73 cents a share earned in June quarter of...

Update Cummins (CMI)

I’m starting to see a new pattern in third quarter earnings reports.  Now to see if it continues through the end of earnings season. What’s the potential pattern? Companies that announce great earnings but that still don’t measure up to Wall Street expectations. The...

One unexpected thing that could stop this rally

So what could stop this rally? Now that it has broken through resistance at 1127 and 1130 on the Standard & Poor’s 500–and even briefly traded at the May high of 1150—what could prevent this rally from running straight through September (historically the...

Update Corning (GLW)

The recent past was much better than expected. The near term future is uncertain. And the long-term looks great. That’s about the way I’d sum up Corning’s (GLW) second quarter report released before the opening bell on July 27. For the quarter just...

Update Coach (COH)

Coach (COH) reported that its earnings for the June quarter matched Wall Street expectations at 43 cents a share. That’s about the last good news for the fourth fiscal quarter that Coach had to announce, however.  Coach certainly hasn’t escaped the...

Update PepsiCo PEP

It’s still the same old story, a song of… Wait. That’s a different story. This one is about the way that a strong dollar has cut revenue and earnings in the second quarter now being reported for the big international consumer companies such as...

Things go better–but not better enough–with Coke

Investors didn’t like Coca Cola’s (KO) second quarter earnings reported before the open on July 21. The stock was down around 2% at 1:30 p.m. ET that day.  I’ve got to wonder what they’re been drinking. If you look beyond the problems created...