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Early Earnings Tea Leaves

Alcoa does not an earnings season make. Nor can we glean much from the big banks that usually come next as they are an island unto themselves. Not until Tuesday after-hours did we get a real peek into reports with broader ramifications.

Gladly all 3 major reports (Intel, Yahoo and railroad giant CSX) came in better than expected with gains found in their after-hours' stock prices. As a large transportation company CSX's results have the greatest implications as it says something about the whole US economy. With a beat and higher guidance coming from them, it bodes well for what we will find the rest of this earnings season and in coming economic data.

Unfortunately during Tuesday's session, the only thing that mattered were the headlines coming out of DC. In the final hours it sounded like negotiations were breaking down once too were stock prices as we ended under 1700 for the first time in three days.

The remedy is simple. The two political parties need to compromise on a solution. That used to be easier in years past. Now it's like asking someone to cut off their right arm...ain't gonna happen without a fight.

In the end, compromise is the only logical solution. That is why I remain steadfastly long stocks at this time and am not fretting about any short term volatility.

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Today's Noteworthy Earnings Before the Bell:   ››  ASMLBKKNL

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Recent Earnings Winners

Company Symbol Reported Surprise %Price Chg
ASTROTECH CORP ASTC Oct 15 +0.11% +44.94%
SONO-TEK CORP SOTK Oct 15 +0.01% +4.65%
SCHWAB CHARLES CORP SCHW Oct 15 +0.22% +4.63%
CODORUS VY BANCORP INC CVLY Oct 15 +0.54% +3.13%
MERCANTILE BANK CP MBWM Oct 15 +0.48% +2.82%

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Best Earnings ESP Stocks  

Company Symbol Consensus
Accurate Est.
Reports Zacks Rank ESP
GULFMARK OFFSHR GLF 0.97 1.00 Oct 23 1 +3.09
S Y BANCORP INC SYBT 0.49 0.51 Oct 23 1 +4.08
TIM PARTICP-ADR TSU 0.36 0.42 Oct 29 1 +16.67
FISERV INC FISV 1.51 1.54 Oct 29 1 +1.99
PLEXUS CORP PLXS 0.67 0.68 Oct 23 1 +1.49
Don't trade these stocks until you have read the Zacks ESP Guide ?


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