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Louis Navellier - Market Moves Sideways on Mixed Corporate Earnings

Posted by Seton McAndrews | CFP®, Vice President Investments
July 30, 2013


Navellier gives his thoughts on recent corporate earnings and the possible emergence of Europe out of its long recession.

"The market was as flat as a pancake last week, with the Dow rising less than 0.1% and the S&P down just 0.026%. Earningswere also a mixed bag with some big-name companies missing badly, while most firms exceed expectations. According toFactSet, 73% of companies beat analysts’ earnings estimates and 54% beat sales estimates, but the bad news is that theaverage positive earnings surprise is only 3.2%, well below the 7% average since 2009. Is this enough growth to keep the bullmarket rising?"

 

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