Select Page
A wild week for earnings announcements

A wild week for earnings announcements

Enough changes in direction this week in earnings reports to keep your head spinning. We go from earnings results from the “old economy” to tech behemoths to Big Oil. This week starts off with a truckload of earnings reports from bellwethers of the...
IBM’s “almost” revenue growth powers Dow

IBM’s “almost” revenue growth powers Dow

Who says “Almost” only counts in horseshoes? IBM (IBM) announced a 0.4% year over year decline in third-quarter revenue –making it 22 straight quarters of declining revenue–but the 0.4% drop is the closest that IBM has come to revenue growth in...
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...