Earnings Euphoria Meaningless and Irrelevant Lowe fs has a question for you. If you set the bar for a goal so low that you will most certainly achieve it, is it appropriate to celebrate the achievement of that goal? According to the stock market the answer is yes. Lowe fs thinks otherwise and believes the
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Intel: Indicator of Corporate Earnings Recovery? As we review the earnings report from Intel we believe the report is a clear indicator that corporate earnings will rise faster and recover more quickly than the overall economy. The Intel earnings report is a significant indicator that companies in certain sectors will show earnings growth exceeding analyst
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Lowe fs trusts that you had a happy July 4th celebration with family and/or friends despite the 2.5+ % market pull back following the release of the June economic numbers (see Wall Street Journal) last Thursday. We do expect this trend to continue into this week. The June unemployment report and the attending stock market
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Recently Lowe fs wrote about our concerns that the market and economy euphoria was premature. As such, we were not surprised to see yesterday’s pullback. Why were we so confident that this downturn was imminent? We feel that the “sound bite” economists have focused on with high level data and positive news has really been
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Buyer Beware: Is it time to rein in pre-mature euphoria and be wary of the over-exuberant stock market? This seems to be the question of the day. Given the backdrop of our current economic news, the market should experience a pull back from the recent gains. Yet, the “news du jour” is moving the market;
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Click here for a printer friendly version   Yesterday we saw some surprising weakness in retail sales numbers, oil inventory and demand numbers. Morris Segall of SPG Trend advisors noted that consumer spending was weaker than expected in virtually every category in the retail sales report. Mr. Segall further stated that gasoline and oil consumption
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Click here for a printer friendly version   This market takes a licking and just keeps on ticking. With the news today that regulators are urging Bank of America and Citigroup to boost capital the market had every reason to decline. Yet with the backdrop of a possible flu pandemic the market absorbed this news
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For a printer friendly version click here.   A month ago we said that investor sentiment was shifting to a positive outlook and that we believed we had likely seen the market bottom. The economic data were showing signs of a slowing decline and perhaps a bottoming. We talked of and expected a potential market
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Click here for a printer friendly version   The corporate earnings season got underway today with Alcoa reporting losses greater than what analysts estimated. Lowe fs has been looking to corporate earnings as one indicator of the overall ability of the market to sustain the recent rally or create downward pressure and a pull back
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Click here for a printer friendly version Unexpectedly Good Economic News & Treasury Plan Leads to Brighter Outlook This commentary is one of the most optimistic we have written in a year and a half. As you read this, please keep it in perspective that any recovery will be a long process and that we
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