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Weekly Chartology And An Advance Look At The Busiest Week Of Earnings Season

Tyler Durden's picture




 

From Goldman's David Kostin: "Positive revenue surprises averaged 2% and helped drive the strong earnings season to-date with 28% of S&P 500 stocks now having reported 1Q results. Earnings surprises have averaged 11% and analysts have lifted their EPS estimates for all four quarters. Energy company revisions are the key reason. Bottom-up full-year 2011 EPS estimate now stands at almost $99, above our $96 topdown forecast. Earnings season continues next week with 178 firms representing 34% of S&P 500 market cap set to report 1Q results."

Full weekly chartology:

Chartology 4.22

 

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Fri, 04/22/2011 - 13:56 | 1196710 Racer
Racer's picture

And how much of those 'earnings' were down to just currency and dollar collapse?

Fri, 04/22/2011 - 22:29 | 1198215 Tail Dogging The Wag
Tail Dogging The Wag's picture

"Investors need to diversify, they need to own some real estate, they need to own some farmland, they need to own some equities, some cash, and some precious metals..."   Marc Faber —Investment analyst

Got real estate and farmland outside your home country yet?

http://www.thorssoncapital.weebly.com

Fri, 04/22/2011 - 14:02 | 1196727 hugovanderbubble
hugovanderbubble's picture

Touché Racer,

60-80% Exports Effect in those EPS...gonna be interesting when Euro weaken all across fx crossrates.

Could US Co. mantain margins? No. Just simple.

Fri, 04/22/2011 - 14:02 | 1196735 I think I need ...
I think I need to buy a gun's picture

TOP USA TODAY MONEY SECTION

 

Gold Soars past 1500 an ounce 

 

The endgame is near

Mon, 04/25/2011 - 14:17 | 1204457 thames222
thames222's picture

thoughts on gold vs. silver?  I"m pretty much holding 50% each, with a little more gold than silver.  Sell during the summer for silver, keep holding that gold.

 

www.forecastfortomorrow.com

Fri, 04/22/2011 - 14:06 | 1196746 Sudden Debt
Sudden Debt's picture

If they fix the numbers like my company does (by delaying the credit notes to customers and preinvoicing future contract orders) most will be just on expectations.

But what history always proves is that the next Q will be a bitch.

 

 

Fri, 04/22/2011 - 14:07 | 1196752 Silver Bug
Silver Bug's picture

Anything issued from Goldman sachs, I have a hard time digesting.

 

http://silverliberationarmy.blogspot.com/

Mon, 04/25/2011 - 14:19 | 1204469 thames222
thames222's picture

Goldman Sachs is full of it, i agree--what are the liberation army's thoughts on holding vs. selling right now?

 

www.forecastfortomorrow.com

Fri, 04/22/2011 - 14:05 | 1196753 Sudden Debt
Sudden Debt's picture

Remember: most companies had price increase from 10 to 15% this year.

 

Don't forget to subtract that from the numbers because it are cost related increases.

 

 

Fri, 04/22/2011 - 17:18 | 1197568 BORT
BORT's picture

Most US companies report in dollars, and the dollar is shrinking, so profit in US Dollars goes up for foreign income.  Anyone know the average corporate tax rate paid this year versus last.  That was always a good trick

Fri, 04/22/2011 - 14:08 | 1196756 Sudden Debt
Sudden Debt's picture

Silver to 50 by wednesday?

 

Fri, 04/22/2011 - 15:04 | 1197035 Long-John-Silver
Long-John-Silver's picture

Perhaps sooner than that. Try buying physical for less than $50.

Mon, 04/25/2011 - 14:17 | 1204476 thames222
thames222's picture

Psyche, try down to 45 by the end of this week.  selling over the weekend was your best bet.

 

www.forecastfortomorrow.com

Fri, 04/22/2011 - 15:55 | 1197302 Idiot Savant
Idiot Savant's picture

I can't wait for Wednesday's rate decision and subsequent press conference. I love watching people lie.

Mon, 04/25/2011 - 14:20 | 1204491 thames222
thames222's picture

I love watching politicians lie the best!  what are your thoughts on selling or holding silver at the moment?

 

www.forecastfortomorrow.com

Fri, 04/22/2011 - 16:33 | 1197414 max2205
max2205's picture

Energy and girls clothing/accessories are the only thing leading this market. I ran a scan of the banking stocks and quite honestly was shocked at the big break downs I saw. Not major banks per se. The XLF chart looks like shit so it looks like Ben knows the only other big sector be can push with QE is energy which looks just like the silver chart
If energy tanks the market could have a brain fart. Just saying

It really says a lot when Ben can't even move financials as a sector. Shit must be worse than he planned

Fri, 04/22/2011 - 18:53 | 1197785 Saveus
Saveus's picture

Isn,t it wonderful when financial investment houses, large banks and corporations can perform financial accounting mark to fantacy.  We can make any company look good.

Isn't it wonderful when the FED pumps billions into the US stock markets through the POMO. 

sarcasm on

Fri, 04/22/2011 - 20:38 | 1197979 vast-dom
vast-dom's picture

interest rates up wed. silver $52 fri.

but what do i know? 

 

;p

Fri, 04/22/2011 - 21:42 | 1198103 JimBobOMG
JimBobOMG's picture

I just made a copy without consent. Am I bad?

Sat, 04/23/2011 - 01:35 | 1198501 colonial
colonial's picture

thanks for posting this again...in spite of a comments, this is great raw data...its nice to know what one tentacle of the squid is thinking

Mon, 04/25/2011 - 14:14 | 1204451 tomster0126
tomster0126's picture

wow, meanwhile the dollar is getting squashed into the ground...who cares about small earnings growth if we can't buy what we need to live?

 

www.forecastfortomorrow.com

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