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发表于 2010-7-15 11:57 AM
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本帖最后由 Diffusion 于 2010-7-15 14:27 编辑
7/15/2010
[Earnings season stats]
http://www.bespokeinvest.com/thi ... s-season-stats.html
Last earnings season, 63.7% of companies beat earnings per share estimates. This was down from the prior three quarters that saw 68% each time, and the relatively weak reading contributed to the market's woes from April to June. One thing the weakness last quarter did was lower expectations heading into this quarter. As shown in the second chart below, the net upside earnings revisions reading has been declining since the end of June. More analysts have recently been lowering earnings estimates than raising estimates. At the same time, we saw relatively few companies come out and lower guidance this past off-season. With analysts lowering estimates and the companies themselves keeping their estimates the same, it sets up a scenario where the beat rate could come in strong this earnings season.
While just 29 companies have reported so far this earnings season, the beat rate has indeed started out pretty strong. Of the 29 companies that have released numbers, 76% have beaten earnings estimates and 85% have beaten revenue estimates. The strong beat rate hasn't really caused the stocks reporting to do exceptionally well, however. Thirteen of the companies that have reported have gone higher on the day in reaction to their reports, while 16 have gone lower. The median one-day change in response to these earnings reports has been -0.50%.
[Foreclosure falls 5%]
http://money.cnn.com/2010/07/15/ ... level_off/index.htm
The foreclosure plague seems to have reached its peak and started to fade, but the recovery is still fragile.
The number of foreclosure filings of all types -- including notices of delinquency, auction notices and repossessions -- fell during the first six months of 2010, according to RealtyTrac, the online marketer of foreclosed properties.
There were 1,654,634 properties with foreclosure filings, a 5% decline compared with the previous six months. That equates to 1 out of every 78 homes being at risk.
He pointed out that the filings data showed improvement because fewer properties were entering the foreclosure process. Part of that is because lenders are now more committed to modifying defaulting mortgages or allowing homeowners to sell their homes for less than they owe.
At the same time, lenders have cleared many properties out of the foreclosure pipeline, finalizing repossession proceedings rather than allowing homes to sit in limbo.
[Back-to-school spending to jump 11%]
http://money.cnn.com/2010/07/15/ ... _spending/index.htm
Back-to-school spending is set to jump by 10.5% this year, according to a new study, as Americans loosen their purse strings following a cash-strapped 2009.
The average family with students in grades kindergarten through high school is expected to spend $606.40 on school supplies, up from $548.72 in 2009, trade group the National Retail Federation said Thursday.
Combined K-12 spending will be $55.12 billion, second only to holiday shopping, according to the NRF. Overall, the report boded well for the retail sector, which has been hit hard since the beginning of the recession.
"The industry still remains cautiously optimistic about recovery," NRF president Matt Shay said in a statement. |
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