Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Buzz on the Street: All News Is Good News for This Market


A look back at the happenings on Wall Street this week, as seen by Minyanville's Buzz & Banter.

All day and every day, some of the stock market's best and brightest traders and money managers share their ideas, insights, and analysis in real-time on Minyanville's Buzz & Banter.

Here is a small sampling of this week's activity in the Buzz.

Monday, November 11, 2013

Earnings Season -- How We Doing?
Michael Comeau

Factset just updated earnings season stats for the S&P 500 (INDEXSP:.INX), which again point to the idea of earnings needing to catch up to stocks.

Here are the highlights:

-446 of 500 companies have reported.
-73% have beaten on earnings vs. 4-year average of 52%.
-Companies are beating by 1.8% on average vs. 4-year average of 6.5%.
-52% have beaten on revenues vs. 4-year average of 59%.
-Earnings growth rate for Q3 is 3.4%.
-Revenue growth rate for Q3 is 2.9%.
-Strongest sectors are consumer discretionary, materials and information technology.
-Weakest sectors are energy and financials.
-For Q4, 85 companies have issued earnings guidance, with 73 (or 86%!) being negative. 5-year average is 63% negative.
-For Q4, analysts are forecasting earnings growth of 7.3%, down from 9.7% on September 30.

So we have weak revenues, small earnings beats, and terrible guidance.

It's actually pretty reminiscent of last quarter! Oh well, eventually this stuff's gonna matter... right?

Upside for Twitter
Jeffrey Cooper

This morning's Daily Market Report showed the following 10-minute Twitter (NASDAQ:TWTR) chart.

TWTR pionocchioed the bottom of its little channel and stabbed back above it in the first hour, so it may be viable on the long side for a trade.

Click to enlarge

All News Is Good News
Michael Gayed

Bullish Sentiment in US equities hit extreme levels last week, as reported by Investors Intelligence.

The spread between Bulls and Bears moved up to 39.6%, the highest level since April of 2011, which preceded a 20% correction in stocks. Looking at the reaction to Friday's payroll report, it is easy to understand why investors are so excited here.

While equities initially sold off on the news that payrolls beat expectations (presumably because this increases the odds of a taper), they quickly reversed higher and are now trading up close to 1%. In the last payroll report on October 22, when payrolls came in below expectations, equities also rallied higher.

For the time being, all news seems to be good news for US equities.

No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos