Briefing.Com recently noted that as of the end of last week, about one third of the S&P 500 firms reported earnings results for the 1st Quarter of 2010. Bespoke and Briefing.com both highlighted that about 83% of the earnings reports thus far beat analysts' estimates. To put this in a historical perspective, Thomson Reuters pointed out that, going back to 1994, 60% of earnings reports typically beat analysts' estimates in a given quarter. As a result, it can reasonably be concluded that it was a stellar first quarter for the majority of U.S. large cap firms.Read more
Monthly Archives: April 2010
Dow 11,000 – now what?
The DJIA has just crossed 11,000 - a significant milestone in the continuing recovery of this widely recognized U.S. blue-chip index. In fact, the last time the Dow closed above 11,000 was back on September 26, 2008. However, before everyone starts to uncork their champagne bottles, we, at Hennion & Walsh, would suggest that it is too soon to signal "all-clear" for the equity markets and too soon to declare an official end to this current U.S. recession.Read more