and the start of 2Q09 earnings report....the first batch this week ....a total of 31 or 6% companies of the S&P500
selected fews...mostly financial-related stocks
Tues : June retail sales ( est +0.5%) Goldman Sachs ( est +$3.48 per share 2Q09 vs +$3.44 per share 2Q08) ,Johnson & Johnson ( est +1.11 vs +1.18), Intel ( +0.07 vs +0.28)
Thus : JP Morgan Chase ( +0.04 vs +0.58), Google ( +5.05 vs +4.63) IBM ( +2.02 vs +1.98)
Fri : June housing start and building permits ( est. at 530k unit and at 523k unit ) BoA ( +0.24 vs +0.72) Citigroup ( -0.26 vs -0.49), GE ( +0.23 vs +0.54)
Can results beat high forecast this time around unlike the 1Q09 "low expectation" forecast ?
Above expectations could help to reverse some of this month negativeness and reinstate the mkt uptrend tone.
3 years ago
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