Stock Markets should move higher
Posted: Thu Oct 30, 2014 6:11 pm
322 S&P 500 companies have now reported 3rd quarter results.
With all 10 sectors expected to show YoY profit improvements for the third quarter, overall growth for the S&P 500 has risen to 11.4%.
Energy Sector is just getting started, but so far it is doing well: Reported earnings up more than 12% over Q3 2013.
Compared to the Wall Street consensus, 72% beat on EPS, 20% missed and 8% met, while on revenues 58% beat and 42% missed.
FEAR has been in control of the market during October. GREED is sitting on the sideline ready to jump in the game. After all 500 companies have reported the "consensus" may decide the U.S. economy ain't such a bad place after all. Earnings drive markets higher and right now Q3 results are looking darn good.
http://finance.yahoo.com/tumblr/blog-th ... 19753.html
With all 10 sectors expected to show YoY profit improvements for the third quarter, overall growth for the S&P 500 has risen to 11.4%.
Energy Sector is just getting started, but so far it is doing well: Reported earnings up more than 12% over Q3 2013.
Compared to the Wall Street consensus, 72% beat on EPS, 20% missed and 8% met, while on revenues 58% beat and 42% missed.
FEAR has been in control of the market during October. GREED is sitting on the sideline ready to jump in the game. After all 500 companies have reported the "consensus" may decide the U.S. economy ain't such a bad place after all. Earnings drive markets higher and right now Q3 results are looking darn good.
http://finance.yahoo.com/tumblr/blog-th ... 19753.html