×
Menu
Search

Earnings Season Next Monday – Good Result Expected



Pin It


Jul 07 2007
Facebook
Twitter
Digg
Pinterest
Linked In

The time is here and if the following report makes it through, you can make nice money trading option or investing stocks. Stocks could rise next week if the first round of quarterly earnings yield could injects optimism about results for the period. Alcoa Inc., the world’s largest aluminum company, kicks off the earnings season on Monday, and results from the second quarter could surprise on the upside because of the weak U.S. dollar.

On average, about half the earnings at companies that make up the benchmark Standard & Poor’s 500 Index come from overseas. When a foreign currency is strong, the conversion of earnings from abroad translates into more dollars, reported Reuters.

A surprisingly strong employment report about the economy on Friday reinforced a view that the Federal Reserve would keep interest rates on hold. U.S. employers added 132,000 jobs in June and payrolls rose more strongly than previously thought in April and May, according to a Labor Department report. National unemployment rate remained steady at a relatively low 4.5 percent.

A Reuters’ poll of primary bond dealers, conducted after the job report was issued, found all 18 dealers felt the Federal Reserve will keep its trendsetting federal funds rate steady at 5.25 percent at the next policy setting committee on August 7. Ten dealers thought the Fed will keep rates on hold through year-end while four felt it might reduce them this year if a housing slowdown erodes growth.

So, it’ll be another busy schedule for FinanceTwitter from next week onwards as lots of research and readings need to be carried out before making any new positions. As usual, I’ll highlight stock(s) which might be the potential candidate(s) to make money for me this round. Hopefully the shortlisted stocks would be as hot as the summer season.



Pin It

FinanceTwitter SignOff
If you enjoyed this post, what shall you do next? Consider:



Like FinanceTwitter Tweet FinanceTwitter Subscribe Newsletter   Leave Comment Share With Others


Comments

Add your comment now.

Leave a Reply

(required)

(required)(will not be published)