7 Best Stocks for the Next 30 Days

Get them in a free Special Report, and get more Zacks Insights in our free e-newsletter, Profit from the Pros. Every issue includes a fresh Zacks #1 Bull Stock of the Day.

Close This Panel X

Are you a new Zacks Member or a visitor to Zacks.com?

Recent Quotes

No Recent Quote currently available

My Portfolio

My Portfolio Tracker

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Stocks on the Move 05/17/2013

Company Name Symbol %Change
VIASAT INC VSAT
19.35%
OLD SECOND B OSBC
5.76%
GAMCO INVEST GBL
4.61%
CORNING INC GLW
4.47%
SYNCHRONOSS SNCR
4.23%
Sheraz Mian

Earnings, Guidance to Fill In Puzzle

by Sheraz Mian

October 16, 2012 | Comments : 0 Recommended this article: (0)

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

With inflation not much of a concern for investors or the Fed, this morning’s CPI reading is essentially a non-event. Favorable Industrial Production and homebuilder sentiment index readings coming out a little later may give some traction to today’s trading action. But the real backdrop for today’s market is the real start of the third quarter earnings season, with 35 companies reporting results today including 16 S&P 500 members.

We will have a better feel for the Tech space outlook after results from Intel (INTC) and IBM (IBM) after the close today, but the overall tone of earnings reports this morning is on the positive side.

We got solid earnings and revenue beats from Goldman Sachs (GS) and Johnson & Johnson (JNJ), with Goldman also raising its dividend. Coke (KO) came in-line with expectations, with case volume weakness in the Asia-Pacific region (particularly China) and negative currency effects offsetting volume gains elsewhere. UnitedHealth (UNH) beat on improved margins, offsetting top-line weakness, in a potentially positive sign for the healthcare group as a whole.

Zacks ESP or ‘Earnings Surprise Prediction,’ our proprietary leading indicator of positive earnings surprise, had correctly predicted the positive earnings surprises from Goldman this morning and Gannett (GCI) on Monday. For the Intel and CSX (CSX) reports coming out after the close today, the Zacks ESP is indicating negative surprises.

We will know more about this morning’s reports after managements' discussion of the business outlook on the earnings calls. And if managements' guidance is as reassuring as these results, then the earnings picture may not be that dire.

But it’s too early to draw any firm conclusions about this earnings season from the admittedly small sample of results we have seen thus far. At stake are estimates for the fourth quarter and beyond, which seem to be unusually high at this stage. We will soon find out one way or the other.

Email Print Share Rate Pos Rate Neg

Read/Post Comments (0) | Recommended this article (0)

Please login to Zacks.com or register to post a comment.

Zacks Research is Reported On:

Zacks Investment Research

is an A+ Rated BBB

Accredited Business.