Give it up, Figy. You lost that one. And the one before that one.
Give it up, Figy. You lost that one. And the one before that one.
In your mind Sliggy, like Log, can't even put 2 and 2 together. Or like so many here spin facts to your narrative. A joke really.
Igy
4
U.S. stock futures pointed to a lower open Friday, setting the main benchmarks on track for another down day as investors zoomed in on key earnings reports, two Federal Reserve speakers and the latest oil-rig count.
Futures for the Dow Jones Industrial Average dropped 60 points, or 0.3%, to 18,048, while those for the S&P 500 gave up 7.10 points, or 0.3%, to 2,130. Nasdaq-100 futures fell 6.75 points, or 0.1%, to 4,837.
The weakness comes after U.S. stocks closed lower on Thursday, partly driven by a 2.3% slide for oil futures . Crude recovered a little on Friday, up 0.4% at $50.84 a barrel ahead of the weekly Baker Hughes (BHI) rig-count data.
"The past week has been all about picking winners and losers as investors mulled over a myriad of data points that seem to tell different stories. From Brexit to global growth, it's been a case of glass half full or half empty," said Dave Jeal, head of investment products at Interactive Investor, in a note.
As of Thursday's close, the S&P 500 was on track for a 0.4% weekly rise, while the Dow average was set for a 0.1% climb and the Nasdaq Composite a 0.5% advance.
Movers: The tech-heavy Nasdaq was likely to be buoyed by a jump in Microsoft Corp. shares (MSFT), which rose 5.1% premarket after a well-received earnings report late Thursday. The software giant's stock was trading above $60, representing an all-time high and topping its price during its heyday in 1999.
PayPal Holdings Inc.(PYPL) added 4.8% before the open after its earnings late Thursday met expectations.
Logician wrote:
Ghost of Igloi wrote:So sorry, one's man's troll, is another man's fool.
Igy
Do you always resort to insults when you lose an argument?
Talk about the kettle and the pot.
Hi, K5/Igy! Your statement makes no sense given that only one side in that discussion offered any insults. But nice try!
This earnings season has been overwhelmingly positive, but it may only be the start. How about a 13-14% increase next year?
Wow that's great news. Thanks.
Earnie(ings) FactCheck:As I have pointed out and will continue to do so, Earnie is marginally correct if you use the non-GAAP number. Using Wall Street's non-GAAP number the expectation for 2017 non-GAAP EPS of $131.89. The current tracking for non-GAAP is $101.98. Personally, I think both the Wall Street number and the CNBC growth rate is just fantasy, and that is a non-GAAP metric--if you want to take that to your broker.Igy
Earnie wrote:
This earnings season has been overwhelmingly positive, but it may only be the start. How about a 13-14% increase next year?
http://www.cnbc.com/2016/10/20/earnings-will-drive-market-and-theyre-expected-to-grow-13-to-14-next-year-expert-says.html
I present real numbers that are easily verified.
K5 detector wrote:
Hi, K5/Igy! Your statement makes no sense given that only one side in that discussion offered any insults. But nice try!
There seems to be no bottom to just how dumb your comments are.
You are the Mariana Trench of stupidity.
Oh, the irony!
Earnings recession is just about over
Reeves wrote:
Earnings recession is just about over
https://research.tdameritrade.com/grid/public/markets/news/story.asp?docKey=1-SN20161021010916&cid=1-SN20161021010916-MIT
Funniest statement:
"So don't buy into the hype that the "earnings recession" is going to weigh on the stock market as we get third-quarter numbers, or as we close out the year.
Chances are we will see a return to growth in corporate profits -- or at worst, a return to break-even and a strong foundation for the fourth quarter and 2017."
A year ago Wall Street was saying the same thing. You have a short memory. One year ago Wall Street was expecting $129.37 for 2016 EPS; it is now tracking at $100.51.
Igy
Irony Mann wrote:
Oh, the irony!
Your complete lack of any originality bores us all to tears.
It must s*ck to be trapped in such a limited mind.
Better than being the mind of the one who started this thread. That guy has proven to be the biggest idiot on this thread.
More great news! No wonder the markets are doing so well.
Earnings Scorecard: As of today (with 23% of the companies in the S&P 500 reporting earnings for Q3 2016), 78% of S&P 500 companies have reported earnings above the mean estimate and 65%of S&P 500 companies have reported sales above the mean estimate.
Earnie(ings) FactCheck:60 of 113 beat GAAP EPS or 53%70 of 108 beat on sales or 64%Igy
Earnie wrote:
More great news! No wonder the markets are doing so well.
Earnings Scorecard: As of today (with 23% of the companies in the S&P 500 reporting earnings for Q3 2016), 78% of S&P 500 companies have reported earnings above the mean estimate and 65%of S&P 500 companies have reported sales above the mean estimate.
more from factset:
The Energy sector is also expected to be the largest contributor to the expected earnings decline for the entire S&P
500 for the third quarter. If this sector is excluded, the blended (combines actual results for companies that have
reported and estimated results for companies yet to report) growth rate for the S&P 500 improves to 3.3% from
-0.3%.
Ghost of Igloi wrote:
agip,
Yes, Wall Street looks forward, just like their $128 of estimated forward S&P earnings. Reality is peak Last Twelve Month S&P earnings Q3 2014 at $106.
From MCD 8-K: "McDonald's mitigates exposures, where practical, by purchasing goods and services in local currencies, financing in local currencies and hedging certain foreign-denominated cash flows."
Igy
a point for Igy: this is from a year ago - he said the then-current estimate for SP500 earnings was far too high. he was right. It was $128 then...we're looking at $118 I believe. (setting aside pro forma/adusted numbers)
but a point away from Igy
He suggested MCD was not a buy a year ago, when wall street was cheering the stock for some positive numbers. The analysts were clearly right - the stock is up around 12% from that point, vs. around 8 for the SP500.
page 359 if you want to review the debate.