little market outlook Fortune
Loose Change
Reuters says that last week, we saw the highest weekly ratio of negative to positive preannouncements in more than two years. Nick Raich, the director of research at Zacks, writes that "investors should be raising an eyebrow to the recent earnings warnings." But he adds that over the last thirty days, the ratio of negative to positive earnings preannouncements is roughly the same, which is "a very positive sign." Zacks still expects second-quarter earnings for the S&P 500 to exceed the forecasted growth of 24% versus last year's second quarter.
Bethany McLean Fortune.com
Pennies not a zero sum game as much as some zero game.
