Happy Thanksgiving!
1.Earnings Wrap Up….71% of S&P Beats Earnings.
S&P EPS UP 14% Y/Y IN Q3
FINANCIALS, TECH AND STAPLES EXCEEDING STREET ESTIMATES:As of last Friday, 474 of the S&P 500 Index companies have reported Q3 earnings, of which 337 have beaten earnings (71.10%) and 100 have missed (21.10%), albeit on lowered estimates. Furthermore, 70 out of 108 companies beat on sales. Thus far, 54 out of the 64 Financials that reported earnings and 54 of the 61 Tech firms that reported earnings have beaten estimates.
Rich Farr, Chief Market Strategist Jim McGovern, Market Strategist info@bluestonecm.com