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October 12th, 2009

Earnings in High Gear

(Lee Siler) - Stocks are set to open higher, as earnings season kicks in to high gear. Later this week we'll see just how well many of our country's biggest companies have been performing. Over the next few days GE, Intel, JNJ, JP Morgan, Google and IBM just to name a few, will surely move the markets one way or the other with their reports. Last quarter the number of stocks on the S&P 500 beating earnings estimates was at record highs due to a pessimistic Wall Street. Although there is still a degree of pessimism with regards to profits, it is certainly better than last quarter.

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July 16th, 2009

Fed Comments Help Stocks

(Lee Siler) - The market had one of the best days of the year on brisk trading. Earnings news is adding fuel to this market and this morning JP Morgan Chase is the accelerant. The company announced that strength in their core consumer business and investment banking offset a jump in credit losses. Earnings were 28 cents a share versus estimates of only 4 cents. However, revenues fell slightly short of expectations. JPM is traded up almost 4.5% yesterday.

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