U.S. Week Ahead: Get ready for ugly third-quarter earnings
Friday, October 05, 2012 - 03:25
Oct 5 - This week eight S&P 500 companies report results. Highlights include JPMorgan, Wells Fargo, Yum Brands and Alcoa. So far pessimism is high. Guidance going into the quarter is the worst in 11 years.
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What ever really there was after the better than expected jobs report could evaporate with the start of earnings season ball light does it look ugly. This week eight S&P 500 companies report results. Highlights include JPMorgan Wells Fargo Yum! Brands now -- so far pessimism is tied. Guidance going into the quarters the worst in eleven years and we seem more losses than profits for the first time in forty years. To blame you as you guessed it the European debt crisis the Chinese slowdown. And a strong dollar interest around artists on which sectors will be the biggest losers and gainers for victory. -- -- -- isn't an anti sectors are expected to see double digit declines in earnings I'll call -- brings the materials sector down due to weaker global demand. Meanwhile the energy sector is being head by lower natural gas prices. Felt positive surprises are expected from the consumer discretionary group. Like the home builders Lennar corporation. Already smashed expectations thanks to new home orders. And that's not enough we have shareholder meetings that updates from FedEx Wal-Mart Procter & Gamble and Liberty Media. Attention went FedEx has to say it's often seen as a Bellwether for the economy. Last month that it cut its 2013 profit outlook because of the downturn. Companies have started moving away from fedex's express their service instead opting for slower but cheaper ocean freight FedEx boss Fred Smith says it's time to cut significant costs. Investors -- want to hear more about the direction of Google went one of its top -- Eric Schmidt speaks on Wednesday his edit tech -- beds in New York. Focused on the number what search engines drain relationship with apple apple recently dropped Google Maps from his latest iPhone. Also will likely be asked about his company's plans to push deeper in hardware. By way of Motorola. And its competition with FaceBook. We will also hear from two top US officials on the economy Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke. Traveled to India at the beginning of the week there on -- the IMF World Bank meetings in Tokyo. Market watch out for any comments on the health of emerging markets it eurozone debt crisis. Geithner recently said Europe was improving. We've seen a presidential candidates in action and now it's the turn of their top lieutenants to duke it out on Thursday. Vice president Joseph Biden and congressman Paul Ryan we'll have a face off over thorny issues such as the budget Medicare. That pressures on the gaffe -- invited to perform after president Obama's poor debate performance. Romney's team recently may -- from abided comment that the middle class had been buried for the last four years. An insider and writers TV for more expert analysis on the big market movers. On Thursday impact players features Carlyle co-founder. David Rubenstein. One of the world's richest and most sought after financial brains don't tell Robert wolf where the next big deals are and why Carlisle is nothing like -- Don't forget Monday at Columbus -- US bond markets will be closed but stock exchanges will still PO. I'm Rhonda shop there this writer's room.
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