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الموضوع في 'السوق الأمريكي للأوراق الماليه' بواسطة ahmedali3, بتاريخ ‏26 ابريل 2002.

  1. ahmedali3

    ahmedali3 عضو جديد

    التسجيل:
    ‏7 يناير 2002
    المشاركات:
    48
    عدد الإعجابات:
    0
    Question:

    I don't get it. The reason why so many companies are
    beating their earnings estimates is that they warned a
    few weeks ago and Wall Street cut their earnings
    estimates down to a point where they could be easily
    beaten. Isn't this whole practice of buying stocks based
    on whether they beat their estimates now a big joke?


    <> Answer:

    You are correct - earnings reports have become
    somewhat of a joke. We've seen several examples over
    the past few weeks where the company warned 3 or 4
    weeks ago and then released earnings that were
    "above" expectations. The only problem is that these
    earnings projects were recently reduced, but in 99%
    of cases the company and the analysts who follow
    these stocks do not point out this important fact.

    The key now is not only to beat expectations, but to
    beat them if they have NOT been reduced in recent
    months. In fact, one of the more reliable indicators
    for picking strong performing stocks is to buy stocks
    that are seeing upside earnings revisions and which
    end up beating these higher expectations when they
    report their earnings. Finding these plays is quite
    difficult, but in recent weeks, there are 3 basic sectors
    where we are seeing a lot of this activity - healthcare,
    defense and homebuilding. That's also why you see
    many of the stocks in these 3 groups at or near their
    yearly highs because the "quality" of the earnings are
    much better in those groups.

    - Christine