Wall Street GreekWall Street GreekOffering the high quality advice investors deserve from independent equity research. We publish financial market insight critical to daily trading and long-term strategy. We help investors see strategic consequence of economic data, international and Articles
Today's Coffee - Earnings Gloom with Touch of YUM
2007-10-08 21:00:00 (Stocks in article: NYSE: BAC, NYSE: JPM, NYSE: GSK, NYSE: YUM, NYSE: GS, NYSE: AMR, NYSE: TXT, NYSE: UIC, NYSE: ABM, NYSE: BX, LSE: NRK.L, NYSE: BRK, NYSE: PTR, Nasdaq: UCBH, Nasdaq: BOBJ, NYSE: SAP, NYSE: PPC, NYSE: TSN)Stocks, as defined by the Dow, Nasdaq and S&P 500 Indices, are drifting modestly lower into the afternoon close, as investors start to contemplate what is forecast to be the worst corporate earnings quarter in five years. The Street.com currently has an informative piece running on this topic. According to Thomson Financial, Q3 earnings growth is projected to measure just 1.4% for the financial sector heavy S&P 500 Index. We are sure that it is the combination of this gloomy forecast and concern about a Halloween shocker from the Fed, that has the market concerned.As we outlined in "The Greek's Week Ahead - Fed Follow Through Matters," we believe the equity market drunkenly ran up before and after the 50 basis point Fed cut in September, and completely dis... More About: Coffee , Earnings , Touch , Earning
The Greek's Week Ahead - Fed Follow Through Matters
More articles from this author:2007-10-07 22:26:00 The Greek's Week Ahead has been engineered to prepare you for the events that could impact your portfolio this week.Whether you are Tiger Woods, Jimmy Rollins or Benjamin Bernanke, follow through matters. Woods' discipline gets him on the green consistently, while Rollin's pure will and sweet stroke got him to first base in the clutch moments this year. The heat is on Ben now to follow through with what he does best.When the Fed cut its target rate by 50 basis points in September, it did more than just satisfy the credit market's immediate crisis of confidence and demand for liquidity, it set expectations as well. While the Wall Street Greek has warned as early as the day of the Fed action, that the Fed move would be one and done, we believe the market is counting on something more. After having grown accustomed to the style of the since published Alan Greenspan, the market cannot help but expect ongoing rate reductions as follow through to the initial medicine inducing sharp cu... More About: Matters , The G 1, 2, 3 |
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