MONDAY JULY 6, 2009

Earnings Season

 

 

With the end of the second quarter, we are ready to embark on a new earnings season. Alcoa, always the first large company to report, will report earnings on Wednesday. The talking heads will be in full hyper mode, crying over every missed penny in earnings and cheering each report that “beats the street.”

 

Given the fragile state of the economy, I am sure the corporate earnings reports will move the markets. However, I believe the actual earnings themselves will be less important this quarter. The markets seem to have accepted that the earnings will be lackluster. The market’s attention will likely be more interested in the “outlook” of the companies. The commentary will provide insight into the “green shoots v. economic malaise” battle raging in the marketplace.  Has the "green shoots" crowd been overly optimistic?

POSTED AT 1899-12-30 09:31:00.0

KEN ENTENMANN, CFA
SENIOR VICE PRESIDENT AND
THE DIRECTOR OF INVESTMENT MANAGEMENT SERVICES

Ken is a Senior Vice President and the Director of the Trust and Investment Services at Alliance Bank, N.A. He has 23 years of investment experience and oversees the management of assets totaling $1 billion. He holds a B.S. in Applied Economics and Business Management from Cornell University and an M.B.A. from the William E. Simon Graduate School of Business Administration at the University of Rochester. He has also earned his Chartered Financial Analyst designation. He is a member of the Executive Committee of the Trust Division of the New York Banker's Association. He is also a director of the Central New York Community Foundation.

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The opinions expressed here do not represent the views of Alliance Financial Corporation and Alliance Bank, N.A. This communication is not an offer or solicitation for the purchase or sale of any security, is for general informational purposes only and does not provide personalized investment advice. When making personal investment decisions you should consult your investment adviser or rely on your own research. Copyright 2008.