Fears Continue to Subside As Positive Data Kick-starts August

Market fear continues to subside drastically following a peak six weeks ago. Fear about the insolvency of European banks — which was a basic staple of bear analysts has now proven itself to be grossly overblown. And as the fear about Europe has subsided so has the VIX S&P Volality Index

(chart source: Yahoo! . . . → Read More: Fears Continue to Subside As Positive Data Kick-starts August

Investors Continue Focus On Earnings

U.S. stocks surged last week following yet another strong batch of earnings.

Earnings results from heavy weights such as Caterpillar (CAT), 3M (MMM), UPS (UPS) and AT&T (T) all topped earnings estimates and raised their outlooks.

Some economists pointed to data that seemed to show some weakness. Weekly jobless claims jumped, but it may . . . → Read More: Investors Continue Focus On Earnings

Earnings For S&P 500 Firms Still Increasing

Earnings for members of the Standard & Poor’s 500 are expected to increase another 27% from a year earlier and their associated revenues are seen to also rise — perhaps another 9%, said Thomson Reuters last week. Actual earnings season for Q2, begins shortly…

In the first quarter of 2010, S&P 500 firms’ earnings . . . → Read More: Earnings For S&P 500 Firms Still Increasing

Profit Margins, Down to Earth?

One of my good friends who runs a small investment boutique pointed me towards today’s chart of the day from Bloomberg showing the flight phoenix of US corporates’ profit margins.

I know that the chart is difficult to read but you only really need to look at the . . . → Read More: Profit Margins, Down to Earth?

On Top Of A Growth Engine

Back in July 2009, Intel asserted that the young recovery of 2009 would be anything but lackluster.

On Tuesday, the leaders of the chip giant re-asserted their claims for 2010 and beyond.

Paul Otellini, Intel’s CEO, told analysts that its earnings per share and revenue should grow at an average annual rate in the . . . → Read More: On Top Of A Growth Engine

83% Beat The Street; Revenues Also Top Forecasts

All last week we pointed to the strong earnings numbers released by U.S. corporations. The overall results are in and point to a measure that confirms our sector by sector reports.

Expected growth in first-quarter earnings for companies in the S&P 500 index has now jumped to 50% from 39% in the prior week . . . → Read More: 83% Beat The Street; Revenues Also Top Forecasts

Banking, Coffee, Movies, and Chips: Another Spate of Positive Earnings

Q1 2010 earnings season is in full swing and businesses continue their flurry of better than expected reports to start the new year.

Bank sector earnings continued strong with Morgan Stanley reporting strong profits.¬† The New York-based¬† investment firm posted a first-quarter profit of $1.78 billion compared with a loss of $177 million a . . . → Read More: Banking, Coffee, Movies, and Chips: Another Spate of Positive Earnings

Delinquencies Down; JP Morgan 1Q Profits Rise; Hiring to Follow

What a difference a year can make. The improving economy in 2010 now has J.P. Morgan Chase & Co.’s (JPM) growing earnings again, with loan delinquencies declining, and steadily decreasing allocations for bad loans.

On Wednesday the second-largest bank in the U.S. said that its net income rose by 55% from a year earlier . . . → Read More: Delinquencies Down; JP Morgan 1Q Profits Rise; Hiring to Follow

GDP, Manufacturing, Confidence, and Earnings — All Up

To round out the first month of 2010, reports this past week all painted positive business signs for the year to come.

As we’ve been predicting for quite some time, GDP for Q4 was anything but lackluster. The gross domestic product rose at a 5.7% annual pace, the Commerce Department reported Friday, up from . . . → Read More: GDP, Manufacturing, Confidence, and Earnings — All Up

Google Earns Nearly $2B in Q4

Google says that the advertising market is beginning to return to normal. And normal for them means close to a $2B quarterly profit.

Their latest earning release also highlighted a 17% year on year growth in revenues — now up to $6.67B per quarter — from $5.7B per quarter during the same period in . . . → Read More: Google Earns Nearly $2B in Q4