Best of the Week
Most Popular
1. Next Financial Crisis Is Already Here! John Lewis 99% Profits CRASH - Retail Sector Collapse - Nadeem_Walayat
2.Why Is Apple Giving This Tiny Stock A $900 Million Opportunity? - James Burgess
3.Gold Price Trend Analysis - - Nadeem_Walayatt
4.The Beginning of the End of the Dollar - Richard_Mills
5.Stock Market Trend Forecast Update - - Nadeem_Walayat
6.Hindenburg Omen & Consumer Confidence: More Signs of Stock Market Trouble in 2019 - Troy_Bombardia
7.Precious Metals Sector: It’s 2013 All Over Again - P_Radomski_CFA
8.Central Banks Have Gone Rogue, Putting Us All at Risk - Ellen_Brown
9.Gold Stocks Forced Capitulation - Zeal_LLC
10.The Post Bubble Market Contraction Thesis Receives Validation - Plunger
Last 7 days
SPX/Gold, 30yr Yields & Yield Curve – Amigos 1, 2 & 3 Updated - 21st Oct 18
Gold Stocks Sentiment Shifting - 21st Oct 18
Why Is the Weakness In GBP/USD Likely? - 21st Oct 18
Stock Market Bubbles, Balloons, Needles and Pins - 21st Oct 18
The Incredibly Bullish Set-Up for Gold - 20th Oct 18
Here Comes the Stock Market Retest - 20th Oct 18
Waterproof Camera - Olympus Tough TG-5 Setup and First Use - 20th Oct 18
Israel’s 50-Year Time Bomb, Pushing Palestinians to the Edge - 19th Oct 18
Bitcoin Trend Analysis 2018 - 19th Oct 18
History's Worst Stock Market Crash and the Greatest Investing Lesson! - 19th Oct 18
More Signs of a Stocks Bull Market Top and Start of a Bear Market in 2019 - 19th Oct 18
Stock Market Detailed Map Of Expected Price Movement Before The Breakout - 18th Oct 18
Determining the Outlook for Gold Mining Stock - 18th Oct 18
Investor Alert: Is the Trump Agenda in Peril? - 18th Oct 18
Stock Market is Making a Sharp Rally After a Sharp Drop. What’s Next? - 18th Oct 18
Global Warming (Assuming You Believe In It) Does Not Affect Gold - 18th Oct 18
Best Waterproof Compact Camera Olympus Tough TG-5 Review - Unboxing - 18th Oct 18
Silver's Time Is Coming - 17th Oct 18
Stock Market Volatility Breeds Contempt - 17th Oct 18
Gold 7-Year Bear Market Phase Is Over - 17th Oct 18
Gold - A Golden Escape - 17th Oct 18
Tec Stocks Sector Set For A Rebound? - 16th Oct 18
Real Estate Transactions are Becoming Seamless with Blockchain-Powered Data Sets - 16th Oct 18
Important Elements of a Viral Landing Page - 16th Oct 18
Stephen Leeb Predicts 3-Digit Silver and 5 Digit Gold?! - 16th Oct 18
BREXIT, Italy’s Deficit, The EU Summit And Fomcs Minutes In Focus - 16th Oct 18
Is this the Start of a Bear Market for Stocks? - 16th Oct 18
Chinese Economic Prospects Amid US Trade Wars - 16th Oct 18
2019’s Hottest Commodity Is About To Explode - 15th Oct 18
Keep A Proper Perspective About Stock Market Recent Move - 15th Oct 18
Is the Stocks Bull Dead? - 15th Oct 18
Stock Market Bottoms are a Process - 15th Oct 18

Market Oracle FREE Newsletter

Trading Any Market

Impressive Earnings To Push Stock Market Higher Through 1st June

Stock-Markets / Stock Markets 2010 Mar 18, 2010 - 11:18 AM GMT

By: Daniel_Bruno

Stock-Markets

Best Financial Markets Analysis ArticleThe first quarter earnings report season is rapidly approaching. Most U.S. company news has entered a quiet period with corporate announcements at a minimum. The exceptions are companies with negative surprises, which will be rare this quarter. Cash flow and earnings have recovered significantly from the first quarter of 2009.


First quarter gains will be impressive. Earnings on a year-over-year basis by the Dow Jones Industrial Average will increase for 25 of the 30 companies, nearly 90%. The average gain will be 10.4%. Notable on the list of companies expected to report year-over-year gains in excess of 40% include heavy hitters such as 3M, Alcoa, American Express, Chevron, Cisco, Dupont, Intel and JP Morgan. The following are first quarter estimates for the Dow Jones Industrial Average.

Company Quarter 2010 Estimate 2009 Actual

MMM 1 $1.17 $0.81

Alcoa 1 0.17 (0.59)

American Express 1 0.62 0.32

AT&T 1 0.54 0.53

Bank of America 1 0.09 0.52

Boeing 1 0.87 0.87

Caterpillar 1 0.42 0.39

Chevron 1 1.68 0.72

Cisco 3 0.34 0.23

Coca Cola 1 0.74 0.65

Dupont 1 1.01 0.54

ExxonMobil 1 1.30 0.92

General Elect 1 0.15 0.26

Hewlett-Packard 2 1.05 0.86

Home Depot 1 0.38 0.35

Intel 1 0.37 0.11

IBM 1 1.94 1.70

Johnson&Johnson 1 1.27 1.26

JP Morgan 1 0.64 0.40

Kraft Foods 1 0.46 0.40

McDonald’s 1 0.96 0.83

Merck 1 0.78 0.74

Microsoft 3 0.43 0.39

Pfizer 1 0.53 0.54

Procter&Gamble 3 0.81 0.83

Travelers 1* 1.48 1.34

United Technology 1 0.91 0.87

Verizon 1 0.56 0.63

Wal-Mart 1* 0.85 0.77

Walt Disney 2 0.45 0.43

* Median: 10.4%

The Dow Jones Industrial Average is breaking out above its January high at 10729 and is targeting the 11200 area as long as 10725 holds. 50, 100 and 200 day moving averages are in sync and On Balance Volume supports the bull move. Seasonality favors higher highs: For the last 20 years the DOW has risin an average of 5% between the end of March and June 1.

The advance decline line supports higher stock prices


The S&P Index of 500 companies stocks confirms the bull. Another 15 S&P 500 stocks broke resistance on March 17 (Apollo, CB Richard Ellis, Clorox, Comerica, Gap Stores, Intel, Life Technologies, Lincoln National, Norfolk Southern, O’Reilly Auto, Simon Properties, Vulcan and Wynn Resorts) and none broke support. The Up/Down ratio increased from 3.57 to (344/90=) 3.82.

By Daniel Bruno
Chartered Market Technician

www.FXboss.info

FXBOSS receives 24-hour streaming news and expert commentary. Over 70 FXBOSS forex specialists talk to trading rooms in the world’s currency capitals and track major political, economic and market events globally. They give you the instant, live, tradable information you need to judge the direction of the market, and make informed decisions about your trades.

© 2010 Copyright  Daniel Bruno - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules