• Pivotfarm
    05/23/2013 - 12:57
    The Nikkei dropped by 7.3% at the end of the day and Hong Kong’s Hang Seng dipped by 2.5%. Shanghai maintained a moderate fall at just 1.2% (if you believe that data now!). The Asian markets are down.
  • Pivotfarm
    05/23/2013 - 12:49
    Popularity is something that can be determined by two things. Firstly, it doesn’t last! When too many people start liking you anyway, there is always someone that is there ready to knife you in the...

These 10 Companies Have Contributed Over 90% Of The S&P 500 Earnings Beat Upside

Tyler Durden's picture




While Q4 earnings are sagging notably (as we pointed out here - 8% lower than pre-earnings-season expectations), the incessant ratcheting down of the expectations as the season progresses enables an ever-more-desperate sell-side to opine on the eventual 'beat' that evolves from a lower and lower bar. As Morgan Stanley's Adam Parker notes, however, the results have been massively top-heavy as the largest 10 earnings beats have contributed over 90% of the S&P 500 uspide in aggregate earnings. MSFT and JPM alone account for 50% of that beat. But with guidance plunging, Parker sees 2013 consensus estimates of $112 massively out of line with reality.

 

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Fri, 02/01/2013 - 16:00 | 3207214 Say What Again
Say What Again's picture

Should I be nervous?
The VIX broke through 13 to the upside.

Hey Bernank,
Your team is getting lazy!!!

Fri, 02/01/2013 - 16:04 | 3207234 Say What Again
Say What Again's picture

Last Hour of the regular session.

Time for the MOC sell-off.

Hmmmm...   Why does that sound unusual?

Fri, 02/01/2013 - 16:15 | 3207287 Lohn Jocke
Lohn Jocke's picture

You're cutting and pasting comments. The lazy calling out the lazy.

Fri, 02/01/2013 - 16:34 | 3207358 Say What Again
Say What Again's picture

Looks like ORCL is either first or second on that list.

Homework assignment: What is the largest customer group for ORCL?

Fri, 02/01/2013 - 17:09 | 3207487 disabledvet
disabledvet's picture

Just guessing but I'd say the Federal Government.

Fri, 02/01/2013 - 16:18 | 3207301 tbone654
tbone654's picture

Some systems don't even recognize MOC orders anymore...  And lately it's been a melt-up rather than a sell-off...

Do I win?

Fri, 02/01/2013 - 16:14 | 3207284 Unprepared
Unprepared's picture

Relax, Ben got this covered through his ZVIPTM.

 

*Zero VIX Policy (can it go negative?)

Fri, 02/01/2013 - 16:16 | 3207292 Lohn Jocke
Lohn Jocke's picture

What does VIX know that...oh...oh ok.

Fri, 02/01/2013 - 16:01 | 3207220 Lost Wages
Lost Wages's picture

Get yourself some index funds, take a nap and enjoy the federal largesse!

Fri, 02/01/2013 - 16:02 | 3207222 Cognitive Dissonance
Cognitive Dissonance's picture

I don't need no stinking reality. I got me some hopium.

<Don't bogart that hopium my friend. Pass it over to me.>

Fri, 02/01/2013 - 16:12 | 3207270 wee-weed up
wee-weed up's picture

October 19, 1987...

Here we come!

Fri, 02/01/2013 - 23:16 | 3208428 OldTrooper
OldTrooper's picture

Well, at least 4 people get the references, CD.

Fri, 02/01/2013 - 16:04 | 3207238 Wm the Shrubber
Wm the Shrubber's picture

No matter.  Multiples will continue expanding thanks to Fed repression.  Earnings down, markets up.  Any questions?

Fri, 02/01/2013 - 18:15 | 3207679 max2205
max2205's picture

Bank earnings are bullshit and dont count

Fri, 02/01/2013 - 16:07 | 3207248 fonzannoon
fonzannoon's picture

I hope Tyler makes this Schiff interview right now the feature interview tonight. Just as great as Schiff is, the total cockface after him getting run over is awesome.

Fri, 02/01/2013 - 16:13 | 3207277 Cursive
Cursive's picture

5 Banks, 4 tech giants and 1 ag hustler.  The stock market is up on reserve releases, channel stuffing and vig payments to an ag hustler.

Fri, 02/01/2013 - 16:16 | 3207285 fonzannoon
fonzannoon's picture

5 banks, 4 tech giants and 1 cropduster. lol.

Fri, 02/01/2013 - 16:28 | 3207321 Buckaroo Banzai
Buckaroo Banzai's picture

Money, gadgets, and poison-- Ladies and Gentlemen, YOUR 2013 US economy!

Sat, 02/02/2013 - 02:57 | 3208729 Tijuana Donkey Show
Tijuana Donkey Show's picture

Fraud, gadgets, and poison......

Sat, 02/02/2013 - 09:24 | 3208901 rbg81
rbg81's picture

Actually, its 4 banks, not 5.  But even more disconcerting is that two of those banks (JPM and GS) make up 50% of the total.

Fri, 02/01/2013 - 16:18 | 3207298 Flankseven
Flankseven's picture

Umm, wouldn't that be JPM and GS contributing 50% of the beat?  Or I am I reading the chart wrong?  And wouldn't that amplify the case?

Fri, 02/01/2013 - 16:26 | 3207325 Village Smithy
Village Smithy's picture

What a circus! 50% from 2 companies that are the champions of fantasy accounting and sucking up govt. largesse.

Fri, 02/01/2013 - 16:47 | 3207420 optimator
optimator's picture

And the two companies that add nothing to the economy.  Instead they drain money from the economy. 

Sat, 02/02/2013 - 09:25 | 3208903 rbg81
rbg81's picture

Come on.  Everyone knows you have to destroy the economy in order to save it.

Fri, 02/01/2013 - 16:19 | 3207305 TonyCoitus
TonyCoitus's picture

I'm not leaving my wingman! 

 

BTFD.....if we get one

 

To the moon Alice!

Fri, 02/01/2013 - 16:29 | 3207336 mayhem_korner
mayhem_korner's picture

 

 

Can we summarize as the 'bots and their masters? 

(Monsanto just provides the hors d'oeuvres)

Fri, 02/01/2013 - 16:44 | 3207410 Hobie
Hobie's picture

That'd be whores doves after a little genetic mofication.

Fri, 02/01/2013 - 16:40 | 3207383 eddiebe
eddiebe's picture

I guess that's why the saying goes:        ' Follow the money.'

Fri, 02/01/2013 - 16:58 | 3207454 ydderf1950
ydderf1950's picture

do not fight the fed

Fri, 02/01/2013 - 16:39 | 3207386 Gimp
Gimp's picture

When the VIX and all the bearish ETFs hit zero at dow 17500 what happens then???

Fri, 02/01/2013 - 17:07 | 3207480 Say What Again
Say What Again's picture

You get one of the following;

----->

1: Divide by Zero error

2: Stack overflow error

Fri, 02/01/2013 - 18:00 | 3207660 El Hosel
El Hosel's picture

What happens? Shit happens, then and now.... I suppose. Looks like gasoline would be $5/$6 by then, might see hitchiking make a comeback and maybe the Ford Pinto.

Fri, 02/01/2013 - 16:51 | 3207428 Racer
Racer's picture

And don't tell me, JPM only did that cos of fiddling the books!

Fri, 02/01/2013 - 16:50 | 3207435 orangegeek
orangegeek's picture

Not the first time where earnings have been shit and the market moves up.

 

 

Fri, 02/01/2013 - 17:43 | 3207590 de3de8
de3de8's picture

Where's A-123 and Solyndra?

Fri, 02/01/2013 - 23:51 | 3208495 Trimmed Hedge
Trimmed Hedge's picture

Where's Waldo and the beef..?

Fri, 02/01/2013 - 18:29 | 3207696 847328_3527
847328_3527's picture

Where is MF Global on that list?

Peregrine?

Fri, 02/01/2013 - 18:43 | 3207722 DensDollars
DensDollars's picture

It's GS, not MSFT !

Fri, 02/01/2013 - 23:43 | 3208480 Trimmed Hedge
Trimmed Hedge's picture

It's ORCL & GS...

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