The S&P 500 has corrected 4.5% since the key benchmark ticked 1,474 in mid-September, with most of the cacophony from the mainstream media revolving around a poor 3rd quarter and 2012 earnings reports. The problem is, it has been expected for … Continued
Sorry for the delay in posting, being out of town for the weekend, put me behind in the 8-ball in terms of the schedule. As of Friday, October 19th, ’12, the “forward 4-quarter” estimate for the S&P 500 fell a … Continued
Per ThomsonReuters, the “forward 4-quarter” earnings estimate for the S&P 500 as of Friday, October 12th was $111.85, still a record estimate for the S&P 500 but lower than last week’s $112.26. The recent low in March, 2012 of $105 has … Continued
* Alcoa (AA), Costco (COST), JP Morgan (JPM) and Wells Fargo (WFC) report this week, with Alcoa reporting after the bell on Tuesday, Costco reports before the bell on Wednesday, and JPM Morgan and Wells Fargo report before the bell … Continued
Each quarter, as we roll into January, April, July and October, we see a nice bump in the S&P 500 earnings estimate and this week was no exception: the good news is that the “forward 4-quarter earnings estimate” for the … Continued