Monday Morning Chartology: plus more data on this quarter's 'beat' rate
Steve Cook on Disciplined Investing


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   This Week’s Data


    A look a world wide manufacturing activity (short):

    The latest data on foreign purchases of US Treasuries (medium):



The budget gimmicks in the Baucus bill (medium):

  International War Against Radical Islam

The Market

    Update from TraderFeed (short):

    Monday Morning Chartology


Friday’s revenue scoreboard: GE EPS better than expected but revenues worse; Bank of America, everything was lousy; Genuine Parts profits better than estimates, sales down but slightly better than forecast; Halliburton surpassed both earnings and revenues expectations.    

    One of the reasons analysts are focusing on revenue growth is because earnings improvement derived from cost cutting can’t last forever.  A corollary to that thesis future earnings increases (i.e. guidance) must come from revenue growth.  Here is the scoreboard on future guidance given by companies this quarter (short):

    And the earnings ‘beat’ rate as of Friday (short):

    News on Stocks in Our Portfolios

    Genuine Parts (Dividend Growth and High Yield Portfolio) reported third quarter operating earnings per share of $.67 versus expectations of $.65 and $.81 recorded in the comparable 2008 quarter.

Posted 10-19-2009 8:34 AM by Steve Cook