Best of the Week
Most Popular
1. Will Gold Price Breakout? 3 Things to Watch… - Jordan_Roy_Byrne
2.China Invades Saudi Oil Realm: PetroDollar Kill - Jim_Willie_CB
3.Bitcoin Price Trend Forecast, Paypal FUD Fake Cryptocurrency Warning - Nadeem_Walayat
4.The Stock Market Trend is Your Friend ’til the Very End - Rambus_Chartology
5.This Isn’t Your Grandfather’s (1960s) Inflation Scare - F_F_Wiley
6.GDX Gold Mining Stocks Fundamentals - Zeal_LLC
7.US Housing Real Estate Market and Banking Pressures Are Building - Chris_Vermeulen
8.Return of Stock Market Volatility Amidst Political Chaos and Uncertain Economy - Buildadv
9.Can Bitcoin Price Rally Continue After Paypal Fake FUD Attack? - Nadeem_Walayat
10.Warning Economic Implosion on the Horizon - Chris_Vermeulen
Last 7 days
Sheffield Local Elections 2018 Forecast Results - 22nd Apr 18
How Long Does it take for a 10%+ Stock Market Correction to Make New Highs - 21st Apr 18
Sheffield Ruling Labour Party Could Lose 10 Council Seats at May Local Elections - 21st Apr 18
Crude Oil Price Trend Forecast - Saudi Arabia $80 ARAMCO Stock IPO Target - 21st Apr 18
Gold Price Nearing Bull Market Breakout, Stocks to Follow - 20th Apr 18
What’s Bitcoin Really Worth? - 20th Apr 18
Stock Market May "Let Go" - 20th Apr 18
Overwhelming Evidence Against Near Stock Market Grand Supercycle Top - 20th Apr 18
Crude Oil Price Trend Forecast - Saudi's Want $100 for ARAMCO Stock IPO - 20th Apr 18
The Incredible Silver Trade – What You Need to Know - 20th Apr 18
Is War "Hell" for the Stock Market? - 19th Apr 18
Palladium Bullion Surges 17% In 9 Days On Russian Supply Concerns - 19th Apr 18
Breadth Study Suggests that Stock Market Bottom is Already In - 19th Apr 18
Allegory Regarding Investment Decisions Made On Basis Of Government’s Income Statement, Balance Sheet - 19th Apr 18
Gold – A Unique Repeat of the 2007 and How to Profit - 19th Apr 18
Abbeydale Park Rise Cherry Tree's in Blossom - Sheffield Street Tree Protests - 19th Apr 18
The Stock Market “Turn of the Month Effect” Exists in 11 of 11 Countries - 18th Apr 18
Winter is Coming - Coming Storms Will Bring Out the Best and Worst in Humanity - 18th Apr 18
What Does it Take to Create Living Wage Jobs? - 18th Apr 18
Gold and Silver Buy Signals - 18th Apr 18
WINTER IS COMING - The Ongoing Fourth Turning Crisis Part2 - 18th Apr 18
A Stock Market Rally on Low Volume is NOT Bearish - 17th Apr 18
Three Gold Charts, One Big Gold Stocks Opportunity - 17th Apr 18
Crude Oil Price As Bullish as it Seems? - 17th Apr 18
A Good Time to Buy Facebook? - 17th Apr 18
THE Financial Crisis Acronym of 2008 is Sounding Another Alarm - 16th Apr 18
Bombs, Missiles and War – What to Expect Next from the Stock Market - 16th Apr 18
Global Debt Bubble Hits New All Time High – One Quadrillion Reasons To Buy Gold - 16th Apr 18
Will Bitcoin Ever Recover? - 16th Apr 18
Stock Market Futures Bounce, But Stopped at Trendline - 16th Apr 18
How To Profit As Oil Prices Explode - 16th Apr 18
Junior Mining Stocks are Close to Breaking Downtrend - 16th Apr 18
Look Inside a Caravan at UK Holiday Park for Summer 2018 - Hoseasons Cayton Bay Sea Side - 16th Apr 18
Stock Market More Weakness? How Much? - 15th Apr 18
Time for the Gold Bulls to Show their Mettle - 15th Apr 18
Trading Markets Amid Sound of Wars - 15th Apr 18
Sugar Commodity Buying Levels Analysis - 14th Apr 18
The Oil Trade May Be Coming Alive - 14th Apr 18

Market Oracle FREE Newsletter

Trading Lessons

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