January 17, 2007 |
The wave of earnings reports due in the next few weeks is expected to herald a seismic shift in corporate fortunes. With oil prices plunging, Wall Street is betting that the long profit boom in the energy sector is over. Now, investors are looking to industries such as technology and healthcare to emerge as earnings growth leaders. The stakes are high, because without exciting profit growth somewhere, investors could decide that the stock market's bull run is on its last legs.
May 13, 2005
Corporate America racked up another period of double-digit profit growth in the first quarter, despite record oil prices, rising interest rates and a slowing economy. With results now reported for more than 90% of companies in the blue-chip Standard & Poor's 500 stock index, the average year-over-year increase in first-quarter earnings is expected to be 13.8%, according to data firm Thomson First Call. That is substantially better than the 8% growth that had been forecast as of April 1, based on Wall Street analysts' estimates as tracked by Thomson.
July 5, 2006 |
The nation's biggest companies will report a sharp slowdown in earnings growth for the second quarter, according to Wall Street estimates, perhaps ending a long string of double-digit gains. The overall year-over-year profit increase for companies in the Standard & Poor's 500 index is projected to be 9.1% in the quarter ended Friday, according to Standard & Poor's in New York. That compares with the 15.3% rise that S&P companies booked in the first quarter.
May 31, 2007 |
a stock market benchmark for the retirement savings of millions of Americans -- hit an all-time high Wednesday, raising hopes that Wall Street's 4 1/2 -year rally will keep on rolling. But for many average investors, the event is a painful reminder that a key part of their portfolios has done little better than break even over the last seven years.
January 7, 2004 |
One of the biggest bears on Wall Street has toned down his snarl. Richard Bernstein, chief U.S. strategist for Merrill Lynch & Co., told clients Tuesday that he had raised his 12-month forecast on the blue-chip Standard & Poor's 500 index to 1,010 from 890. If he's right, the S&P still would decline about 10% this year from Tuesday's close of 1,123.67. But his previous forecast called for a 21% drop.
June 23, 2006 |
Coal producer Consol Energy Inc. will replace newspaper publisher Knight Ridder Inc. in the Standard & Poor's 500 index because Knight Ridder is being acquired by McClatchy Co. S&P made the announcement after the close of regular trading, in which Consol shares added 60 cents to $38.31. Shares surged to $40 in extended trading. Managers of mutual funds that mimic the S&P 500 are now likely to purchase its shares. The change will take place on a date to be announced, S&P said.