Re: [CANSLIM] Earnings

From: DanC <danc@compuall.net>
Subject: Re: [CANSLIM] Earnings
Date: Mon, 29 Apr 2002 07:14:32 -0700

Next Article (by Subject): RE: [CANSLIM] Earnings "Duke Miller"
Previous Article (by Subject): Re: [CANSLIM] Earnings "Tom Worley"
Top of Thread: Re: [CANSLIM] Earnings "Tom Worley"
Next in Thread: RE: [CANSLIM] Earnings "Duke Miller"
Articles sorted by: [Date] [Author] [Subject]

Context helps

Fred Richards wrote:

> Sorry, I don't know what an expectoration is?
>
> Smiling.
>
> FFR
>
> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley
> Sent: Monday, April 29, 2002 7:57 AM
> To: canslim@lists.xmission.com
> Subject: Re: [CANSLIM] Earnings
>
> I disagree, Fred, everyone expects lousy year over year comparisons. The
> market is driven by expectorations, not past history, and right now the
> market wants to know that things will get better in the future.
>
> Tom Worley
> stkguru@bellsouth.net
> AIM: TexWorley
> ----- Original Message -----
> From: "Fred Richards" <adrich@gte.net>
> To: <canslim@lists.xmission.com>
> Sent: Monday, April 29, 2002 8:44 AM
> Subject: RE: [CANSLIM] Earnings
>
> One of the reasons so many S&P 500 companies have beaten their earning
> estimates is that they reduced them significantly in recent months.  The
> real criteria is how are they performing versus the previous quarter last
> year.
>
> Fred
>
> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com]On Behalf Of Ian
> Sent: Monday, April 29, 2002 12:04 AM
> To: canslim@lists.xmission.com
> Subject: [CANSLIM] Earnings
>
> Hi all:
>
> I thought I would weigh in with one observation that arises from my personal
> methodology: I start all of my daily mining by going through all the 'Ups'
> earnings reports in IBD. I list the companies with strong revenue and EPS
> growth in a little notebook of mine - filtering out most cyclicals, extreme
> high historical valuations, and unusually low RS. For the last few quarters,
> I have seen fairly slim picking. But in the last 2 weeks, the number of
> entries in my book has swelled in comparison to both Q4 2001 and Q1 2001.
>
> I also note that a full 80%+ of S&P 500 companies have beaten earnings
> estimates this Q.
>
> I have no idea what this will mean for either the mega-cap indexes , or the
> micro/smallcaps that tend to inhabit my universe - but it tells me that
> earnings, if not 'M', are unequivocally on the upswing.
>
> As an off-topic aside, several years ago I read an interview with a
> successful investor who has been in the US equity markets for decades. He
> made the comment that he now times economic cycles based on the earnings of
> EK - when Kodak's earnings start to tick up, then the economy is on the
> upswing. I don't know if it is still relevant in the age of digital
> photography, but I did find myself making a mental note last week when EK
> came out with their pronouncement that Q1 2002 was their EPS bottom.
>
> Finally, my universe of stocks finally took a hit Wed-Fri last week, (not
> enough to lose all of the big gains of Mon-Tues, but it was the first sign
> of panic selling since early February). I did end up lightening up a lot of
> positions and raising cash - as it appears that even some of the strong
> smallcaps are starting to be sucked into the selling.
>
> Ian
>
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim".  Do not use quotes in your email.
>
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim".  Do not use quotes in your email.
>
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim".  Do not use quotes in your email.
>
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim".  Do not use quotes in your email.


- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.

Go to Jeff Salisbury LWGate Home Page.