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Earnings season officially gets started this week, with reports already released from Alcoa, Pepsi, JP Morgan and a few others. Tonight Google will be reporting after the close – a stock I continue to view favorably. Next week the reports will pour in and by the end of next week we’ll have a pretty good feel for the tenor of US Q3 earnings. It is an important quarter because the market started to price in an abrupt slowdown around the world which would naturally be expected to negatively impact earnings in subsequent quarters. It now appears the market got way ahead of itself with negativity and bearishness as the S&P 500 approached 1,100. Since the past couple weeks couldn’t produce evidence of a spiral into chaos in the Eurozone, a hard landing in China, and an imminent recession in the US, the market simply went back up. Asian markets which led on the way down have been up for 6-days in a row and the H-Shares in Hong Kong have bounced 21% in a 6-session stretch (be careful to not get bearish at the wrong time!). This is the set up into the Q3 earnings season. I’m going to be […]
Clik here to view.
Earnings season officially gets started this week, with reports already released from Alcoa, Pepsi, JP Morgan and a few others. Tonight Google will be reporting after the close – a stock I continue to view favorably. Next week the reports will pour in and by the end of next week we’ll have a pretty good feel for the tenor of US Q3 earnings. It is an important quarter because the market started to price in an abrupt slowdown around the world which would naturally be expected to negatively impact earnings in subsequent quarters. It now appears the market got way ahead of itself with negativity and bearishness as the S&P 500 approached 1,100. Since the past couple weeks couldn’t produce evidence of a spiral into chaos in the Eurozone, a hard landing in China, and an imminent recession in the US, the market simply went back up. Asian markets which led on the way down have been up for 6-days in a row and the H-Shares in Hong Kong have bounced 21% in a 6-session stretch (be careful to not get bearish at the wrong time!). This is the set up into the Q3 earnings season. I’m going to be […]
