Most stocks rose today as earnings continued to pour in from a plethora of publicly traded companies. Twenty-five companies report earnings today, including those reporting after the market closes. 70 percent of the 81 companies which have already reported earnings this season have beaten profit estimates. “Earnings are all that matters,” Dan Morris, global investment strategist at TIAA-CREF Asset Management in New York, said. “To see the justification for meaningful higher prices, we just need to wait for earnings to catch up and accelerate a bit and that may take a quarter or two.”
While a baker may have opinions about the source of his grain or a rocket engineer may carefully choose a specific aluminum for her satellite housing, investors tend to see commodities as equivalent inputs for products.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker, financial journalist, and money manager. As well as a book author and regular contributor to numerous investment websites, Jim is the editor of:
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers:
Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services: