{"id":189,"date":"2009-07-19T11:48:00","date_gmt":"2009-07-19T15:48:00","guid":{"rendered":"http:\/\/www.intuitiveinvestor.com\/web\/?p=189"},"modified":"2018-08-23T09:32:34","modified_gmt":"2018-08-23T13:32:34","slug":"across-the-board-earnings-reports-are-good","status":"publish","type":"post","link":"https:\/\/jasonapollovoss.com\/web\/2009\/07\/19\/across-the-board-earnings-reports-are-good\/","title":{"rendered":"Across the board earnings reports are good"},"content":{"rendered":"<p><span style=\"font-size: 16px;\">Happy Sunday!<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Though only 11% of major companies have reported their second quarter results, 71% of those reporting have beaten analyst expectations. That 71% compares to the average number of companies beating analyst expectations of 61%. Yes, its true that expectations are very low right now. However, these results are still a good sign that the recession is stalling.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Earnings season typically stretches out for about 7 weeks after the end of the quarter. Obviously there could still be some big surprises from some major firms that will wither investor confidence. However, many bellwethers for industries hyper-scrutinized have already reported. In technology Intel, Dell, Google and IBM have all reported. In banking, Goldman Sachs, <span id=\"SPELLING_ERROR_0\" class=\"blsp-spelling-error\">Citigroup<\/span> and Bank of America have all reported. In the industrial space Alcoa and General Electric have reported. These firms make up a broad cross-section of U.S. business so the firms still left to report are not likely to contain any super-surprises. Right now everyone wants an insight into the overall economy. I am guessing that any surprises that occur will be firm-specific rather than economy-specific.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Not surprisingly the Dow Jones Industrial Average was up 7.3% last week, recovering almost all of the losses from June. While this is encouraging, what ultimately drives the economy and the financial markets is something not easily tracked: mood. And that&#8217;s where I am concerned. A malaise has settled into the U.S. psyche. It&#8217;s as if people have allowed themselves to feel beaten down and they just can&#8217;t seem to jump start any positive-feelings about their futures. I am closely paying attention to any anecdotal information and stories that communicate the mood of our fellow citizens. In the meantime, I&#8217;m going to keep smiling!<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Jason<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Happy Sunday! Though only 11% of major companies have reported their second quarter results, 71% of those reporting have beaten analyst expectations. That 71% compares to the average number of companies beating analyst expectations of 61%. Yes, its true that expectations are very low right now. However, these results are still a good sign that [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-189","post","type-post","status-publish","format-standard","hentry","category-the-blog"],"_links":{"self":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/comments?post=189"}],"version-history":[{"count":0,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/189\/revisions"}],"wp:attachment":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/media?parent=189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/categories?post=189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/tags?post=189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}