The Worst Earnings Season in Years Still Beats Expectations - Market Commentary
Highlights: Earnings have mattered a lot for the U.S. stock market. Over the past three years, earnings are up about 58% and the S&P 500 is up about 55%.
Yet, in recent weeks, stocks have been rising even as earnings estimates have been falling, and fourth quarter earnings growth was the slowest it has been in years. This is largely because investors were even more pessimistic.
Key drivers of earnings can tell us about the durability of earnings growth. During this
earnings season we have been paying special attention to revenues and business spending.
Download the full Weekly Market Commentary article The Worst Earnings Season in Years Still Beats Expectations
Jeffrey Kleintop, CFA
Chief Market Strategist LPL Financial
February 13, 2012
LPL FINANCIAL RESEARCH
Tracking #1-045477 (Exp. 02/13)
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