logo
  Join        Login             Stock Quote

Week Ahead: Can The Markets Reach Fresh Yearly Highs On Positive Earnings?

 April 30, 2012 11:16 AM
 


The stock markets closed the week on a strong footing thanks to robust earnings from big companies lifting investors' sentiments. The market shrugged off some of the weaker than estimated economic data, including the U.S. GDP. Therefore, the next on investors' agenda is whether the markets test the earlier 52-week highs and reach beyond in the coming week.

The week ahead is filled with big companies lining up to announce their March quarter earnings results. Among them General Motors (NYSE: GM), Pfizer (NYSE: PFE), Kraft Foods (NYSE: KFT) and Broadcom (Nasdaq: BRCM).

[Related -Google Inc (GOOG): Why Nest Labs Deal Is A Wakeup Call For Apple Inc.?]

General Motors' results will come on the heels of higher than estimated results from Ford (NYSE: F), and Pfizer's results will indicate the first full quarter impact of cholesterol drug Lipitor after going generic.

On the economic front, personal income, consumer spending, auto sales, initial claims of jobs, nonfarm payrolls, ISM Manufacturing and employment data could provide direction for markets.

So far, positive earnings have reversed the stock markets' trend in the second half of April. The first half of April struggled to hold on to the first quarter's gains. In fact, the Dow Jones Industrial Averages (DJIA) nearly wiped out the first two weeks of April losses but has gained a modest 0.12 percent with today still remaining. The S&P 500 and Nasdaq have narrowed their losses to 0.36 percent and 0.72 percent respectively in April.

[Related -Apple Inc. (NASDAQ:AAPL): Why Gross Margins Will Expand In 2014 and Beyond?]

More than 280 companies from the S&P 500 list have reported their quarterly earnings number. Significantly, more than  70 percent have earned a profit that was higher than analysts' predictions. The results come amidst some mixed economic data that included favorable consumer sentiment in April, below expected GDP, and not so impressive durable goods results.

If technology bellwether Apple (Nasdaq: AAPL) were responsible for dragging the Nasdaq down in the week ended April 20, then its quarterly numbers are responsible for completely reversing the trend last week.


Next Page >>123
iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageNetflix, Inc. (NASDAQ:NFLX) Q1 Earnings Preview: Trending Towards a Double Surprise

Netflix, Inc. (NASDAQ:NFLX) will post its first-quarter 2014 financial results and business outlook on its read on...

article imageSolarCity Corp (SCTY): Baird Says Buy the Dip

SolarCity Corp (NASDAQ:SCTY) is a darker shade of green than most today. The alternative energy company I read on...

article imageSelect Comfort Corp. (SCSS) Q1 Earnings Preview: Bear Vs. Bullish Surprise Rests on Margins

Select Comfort Corp. (NASDAQ:SCSS) will release results for the first quarter ended Mar. 29, 2014, after read on...

article imageAdvanced Micro Devices, Inc. (AMD) Q1 Earnings Preview: April Fools’ Gold

Advanced Micro Devices, Inc. (NYSE:AMD) will webcast its quarterly earnings conference call on Thursday, read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.