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MSN Money's Charley Blaine discusses the strong start to the earnings season.
In this video, MSN Money's Charley Blaine discusses the earnings season so far, the market's performance and his expectations for both the economy and stocks.
So far, about 150 S&P 500 companies have reported quarterly results, with 67% beating analyst estimates, Business Insider reports. Yes, even Apple (AAPL), whose stock tanked after its quarterly report, beat earnings-per-share estimates.
Only some 20% of reporting companies thus far have missed the Street's expectations. Compare that to the same period last year, when 62% beat estimates and 28% missed.
Indeed, Blaine says, the front end of the season has gone nicely and no one was expecting it. Banks, tech stocks and others have surprised investors with strong results. But Blaine warns the back end of the earnings season doesn't always go as smoothly.
Other reasons for the market's strong performance, says Blaine, include strong housing data, a less-dire situation abroad and continued low interest rates.
Blaine explains what this all means for the economy as well as how to benefit from the trends he identifies in the video.
The discussion about the earnings season continues over in MSN Money's Facebook community.
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Everything above that Charlie says....A truthful evaluation...
Plus Job's recovery and/or creation...Then it's a Rosy Picture without the glasses...IMO.
I thought everyone was beating estimates as they cut estimated earnings by 80 percent.
Gee people the game is rigged and is about to fold this year and never come back
when you have people saying the US $17 trillion debt and $2 trillion a year deficit is better for the economy than a $2 trillion dollar surplus
We`re making a ton in the market.Now, the far right that never cracks a book on economics
would rant that it`s all because of Fed money.They`re bitter because they have missed
out on 85% of market gains with Obama.Sorry, you lose again.
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