Earnings season is well under way and the majority of our companies have all ready reported. It has been a tough quarter for most of our companies with many of them just barely meeting the analyst’s expectations. The majority, have not been able to meet their revenue numbers and are guiding shareholders to look for lower numbers later in the year. The stronger dollar, weak economies in Europe and the emerging markets are the main causes of the shortfall. Who would think that the market could rally in the face of such dismal forecasts? The market is forward looking and is moving up on the hopes that the fed will once again intervene and prop up stock and commodity prices. It also took comfort in Mario Draghi’s comments that the ECB will do whatever necessary to keep the euro zone moving forward.
Below are links to my two most recent interviews with Reuters.
Europe worries temper companies’ profit outlook.
Industrials could outshine broader market in second-quarter.
Please feel free to call with any questions. Happy summer!
Warm regards,
Catherine Maniscalco Avery
The backbone of CAIM is to employ a classic long term investment strategy including dividend paying stocks. CAIM is an independent, women owned investment management firm specializing in managing investment portfolios for women and baby boomers.
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