Second quarter earnings season is in full swing with 12 of the 30 Dow stocks having reported as of this morning. Every Dow component has beaten estimates so far showing estimates have been a bit too low so far.
Company
Symbol
Actual
Estimate
% Beat
Alcoa
AA
$(0.26)
$(0.38)
31.58%
Bank of America
BAC
$0.33
$0.28
17.86%
Catepillar
CAT
$0.72
$0.22
227.27%
DuPont
DD
$0.61
$0.53
15.09%
General Electric
GE
$0.26
$0.23
13.04%
IBM
IBM
$2.32
$2.02
14.85%
Intel
INTC
$0.18
$0.08
125.00%
Johnson & Johnson
JNJ
$1.15
$1.11
3.60%
JP Morgan
JPM
$0.28
$0.04
600.00%
Coca-Cola
KO
$0.92
$0.89
3.37%
Merck
MRK
$0.83
$0.77
7.79%
United Technologies
UTX
$1.05
$1.04
0.96%
2
comments:
John Smith Investor
said...
Is now the time to put in my long term investments for my future? If so, what sectors should I focus on? If not, then when? Thanks Mr. Rowley!
Honestly, I don't know. I see a strong possibility of a double-dip recession (while realizing that most economic forecasts are BS). The key to a sustained stock market recovery is the economy. The key to economic recovery is the housing market. I fail to see any signs of a true bottom in housing so I continue to doubt the economy and, therefore, the stock market.
All you can do it position yourself in relatively safe positions with defined stops and hold for a larger move. It's tough to put money to work with the Nasdaq just posting its 11th day up. I still think the market needs time to base and investors would be wise to be patient and wait for stocks to come to them. I expect a much more range-bound market for the next couple years.
2 comments:
Is now the time to put in my long term investments for my future? If so, what sectors should I focus on? If not, then when? Thanks Mr. Rowley!
Honestly, I don't know. I see a strong possibility of a double-dip recession (while realizing that most economic forecasts are BS). The key to a sustained stock market recovery is the economy. The key to economic recovery is the housing market. I fail to see any signs of a true bottom in housing so I continue to doubt the economy and, therefore, the stock market.
All you can do it position yourself in relatively safe positions with defined stops and hold for a larger move. It's tough to put money to work with the Nasdaq just posting its 11th day up. I still think the market needs time to base and investors would be wise to be patient and wait for stocks to come to them. I expect a much more range-bound market for the next couple years.
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