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?"