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Everything You Need To Know About Blue Chip Earnings In One (Ugly) Table
With today's exuberance around earnings (notably forgetting the reality of various bellwether fails), we thought it appropriate to get some context on just what the "market stalwarts'" results look like in context.
A third of the companies in the Dow have posted shrinking or flat revenue over the past 12 months, as WSJ notes,
"steady has become stagnant as companies once considered among the market’s most reliable post poor growth, quarter after woeful quarter."
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Who needs shareholders when you can buy back your company's shares in multi-billion dollar tranches? The Federal Reserve is giving away money to the corporate elite, their friends. Fascism at its best. With everyone at the top, including Obummer and Romney, having Cayman Island secret bank accounts. Filled with "dirty" money payoffs from drug dealers and corporate thieves.
A LOT of pensions and 401K's are heavily invested in those 'ol blue chips'. Oops!
Three card monte... Find the lady. Sorry, you lose.
There has never been a better time to buy stocks.
Except maybe around the middle of March, 2009 and every day since then. But, cheer up, you haven't missed the rally. There's still plenty of legs in this monster bull market. Easy double or triple from here without so much as a 10% pull-back in sight.
<Burp> Excuse me. I just threw up in the back of my mouth a little.
Can NYC handle Ebola and this?
http://www.illawarramercury.com.au/story/2648435/axe-attack-policeman-cr...
They got the lid on this one.
But CNBS reported today that "CAT blew the doors off of analysts expectations and estimates with their 3rd quarter earnings report."
Of course, this was possible with a repurchase of their own stock amounting to a measly $2.5 billion.
Stock buybacks. Why shorts get their faces ripped every day.
WABOB- What A Bunch Of Bullshit....same as it ever was.
And Pfizer did an $11 Billion stock buyback.
Think your drugs are going to get any cheaper, or money is being spent on research?
*cough*
Name brands are flat because people are broke and making do with generic.
The market is making a mistake by ignoring this. Money printing and QE may continue to cause markets to decouple from reality, but when they recouple, it happens fast.
60% Op earn now used for buybacks in spx. So w declining revenue and lower cap ex, over time, most companies will become shells at very high prices. major oil not replacing reserves with oil countries doing the drilling and major oil going to remote, high cost exploration, But stock prices will rise as buybacks increase w less and less cash for drilling. Liquidating. CAT massive buybacks w declining revenue is another case.
Nothing well placed stock buy backs can't fix.
Well, more blue than red. I say greeshoot. It's a buy, strong buy, buy the effing buy
A lot of QE and the low interest rates was a one off to companies with savings on debt service going straight to their bottom-line. This has been done and is over. The term "the new normal" has not been used enough as of late, but going forward it may be about to return. Many investors and the public at large may be about to realize that central banks can only do so much through printing money and lowering interest rates.
Both these actions carry with them some very strong and nasty side effects. Markets have become very distorted as money has flowed into risky assets in search of higher yields. It could be we are about to see the markets morph into a "realizing market", one that grinds slowly downward. Another possibility is that at some point the wisdom of buying every pullback changes and the market simply drops like a stone.
http://brucewilds.blogspot.com/2013/06/realistic-expectations-for-economy.html
Financial advisors sing- "the wheels on the bus go 'round and 'round, 'round and 'round, 'round and 'round, the wheels on the bus go 'round and 'round...'
Zero Hedgers sing "until they don't."
Lesson- the wheels are coming off.
peak innovation
Am I missing something on buybacks?
It's just a reduction in outstanding common that boosts the EPS rate, right?
It's a math trick that just reduces the denominator, right?
Am I missing something here???
Please help me see what the market sees, because I don't see it.
IS THERE ANYBODY OUT THERE?