Below is the earnings chart for Intel. It shows the history of Intels earnings and upcoming expections with the stocks performance during the same period. As you can see in the chart below the earnings difference year over year for the upcoming earnings Thursday could be potentially huge if they meet expectations. The earnings outlook will be very interesting and important for the streets reaction as well. The street expects $0.45 tomorrow evening. (Go to full post for the big chart)
Alcoa kicks off earnings tonight. Obviously the industry that Alcoa falls into has been red hot as of late with the falling dollar. It will be interesting to see what the numbers look like. Below is a chart showing the earnings expectations and the past earnings of the last year or so with a back lay of the stocks chart. The year over year comparison of Q4 earnings has the potential to spark a rally based on validation of Alcoa turning the corner from the depths of last March. 2008 Q4 earnings -$0.28 and the expectations for 2009 Q4 is $0.05, which is quite a difference and even more so for next quarter if they set positive outlooks.
Below is a PDF with the NHF weekly. Click on it for the 2 page report.
Today Meredith threw a curve ball at the overly optimistic market with fresh downgrade on Goldman Sachs from a buy to a Neutral. Normally this kind of thing doesn’t matter to us here because most analysts are completely off base or in the companies pocket, but Meredith has proven herself in the recent past. Her reasoning behind the downgrade follows a theme of “Why be greedy” in that the price of GS has already met her year target price ($186) in the matter of months. Thanks to ZeroHedge for making this document available. Update 10/15/09 The document has been pulled down due to copyright infringement.
Well even though the earnings season has just started there has definitely been a trend established where the earnings have been received well and stocks have responded in a positive fashion. Of course the rallies in gold and oil have helped as well.
This week has some big boys reporting:
- Intel : Tues Night
- JP Morgan: Wed Morning
- Citigroup: Thur Morning
- Goldman Sachs: Thur Morning
- Google: Thur Night
- IBM: Thur Night
- Bank of America: Fri Morning
- General Electric: Fri Morning
Here is an earnings chart showing some history of the Intel numbers along with a stock price chart in the background:
For some more info on Intel and some charts for the JP Morgan earnings click onto the full post….
Well after much anticipation the 3rd quarter earnings season is upon us. There has been endless talk on both sides of the tape. The bears have beaten to death the “lack of earnings” argument, while the bulls have done the same with the “things are getting better” argument. Starting with Alcoa we will see what kind of reaction the market will have with the results…. and thats all that matters is what the market thinks.
On 7/8/2009, AA reported 2nd quarter 2009 losses of $0.26 per share. This result beat the $0.39 consensus loss of the 15 analysts covering the company and missed last year’s 2nd quarter results by -139.4%.
Below are some charts that should make things clear on where we are and what the expectations are.
First is an earnings chart showing some recent history on the results with the stock price chart behind.
The rest is on the full post….
The new CFA at Bank of America/ Merrill Lynch put out a report today that predicts a 17% gain in the S&P 500 from the current levels. Some of the bullet points from the paper are:
- Slow GDP + low inflation + more saving = Shrink resistant P/E
- S&P 500 EPS recovery to outpace the US GDP recovery
- Overweight: Financials, Energy, Tech and Consumer Staples
Below is the paper for more detail… click for larger view
