THURSDAY JULY 22, 2010

The trend continues

The earnings parade continues to be impressive.  Today, Caterpillar, 3M, UPS and Union Pacific all announced earnings that were better than expected.  All of these companies are fairly sensitive to economic activity.  This is further evidence that the double dip crowd has it wrong. Both CAT and UPS increased their forecasts for the next year.  The trend continues for well managed companies.

POSTED AT 1899-12-30 16:10:00.0

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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