Girding for the Earnings Influx
Unleash the fury -- earnings season is upon us. This week marks the first big one for second-quarter earnings releases with nearly 13% of the S&P 500 names set to jump into the confessional. What I'll be looking at, of course, will be the market's reaction to the earnings, which has not been impressive so far.
Given the economic slowdown, the euro crisis and China slowing, it's no surprise that we've seen talk of caution from the few companies that have reported earnings -- names such as Cummins (CMI), Research In Motion (RIMM), Alcoa (AA), among others. We need look no further than the jobs data to see the lack of enthusiasm. At this stage of the cycle, and in light of the heavy accommodation, there should be more growth that what we have seen. Political reasons could be responsible....360 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.