Green Light Ahead?
July 24, 2009 at 8:00 pm 1 comment
As always, the flood of earnings reports sets the tone for the market, and so far this tone has been very positive. Overwhelmingly, companies are beating earnings estimates. Just take a look at the weekly summary at briefing.com. It shows all earnings reports this week. Green color is used to show positive surprises, and red is for negative ones. As you can see, green color dominates, and this has been the reason for the market rally over the last couple of weeks.
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1. Green Light Ahead Again? « Sensible Investing | October 22, 2009 at 8:32 pm
[…] is right, at least as far as earnings surprises are concerned. Just like in Q2 and shown in this post, a vast majority of companies are exceeding earnings estimates, as evidenced in weekly summary from […]