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Earnings ‘beats’ may keep stock rally going
The Dow notched its first
cheap Michael Kors handbags outlet closing high of the year on Wednesday, but for the bull to keep charging corporate earnings must keep rolling in better than expected. stock market, corporate earnings must keep on rolling in better than Wall Street expects.
Roughly 50 companies in the Standard
cheap Michael Kors handbags Poor’s 500 report earnings today, ranging from cereal giant Kellogg to credit card processor MasterCard to oil giant ExxonMobil.
Dow futures were trading flat two hours before trading Thursday.
So far in the first quarter
Cheap Michael Kors handbags earnings season, companies have been able to top lowered profit expectations, as both analysts and CEOs lowered the earnings bar dramatically heading into the season. Of the 311 companies in the S 500 that have reported
Michael Kors handbags outlet earnings, nearly 70% have topped
Michael Kors handbags forecasts, above the 63% long term average, according to Thomson
replica Michael Kors handbags Reuters I/B/E/S.
The pace ofearnings growthpicked up this week. Currently, profits are on pace to grow 4.1%, vs. the same quarter a year ago, up from the 2.2% estimate on April 1.
Still, the current growth
replica Michael Kors handbags trajectory is below the 6.5% jump that was forecast Jan. 1.
For those keeping score, analysts expect Kellogg to earn 97 cents a share, MasterCard 72 cents, and ExxonMobil $1.88 per share, says Thomson Reuters.
Wall Street is looking forward to better business conditions and profitability in the days ahead, following a brutal winter that slowed economic growth to 0.1% in the first quarter of 2014, its slowest pace since late 2012.Articles Connexes锛�
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