With all the talk lately of the U.S. possibly being in a recession, or teetering on the edge of one, I have been a litle surprised with the strength of (non financial sector) earnings. Here are some of the past week's results from companies that are on my watchlist and other widely held large cap U.S. firms:
Black & Decker (BDK) - 3% better than expected.
Corning Inc. (GLW) - 3% better than expected.
McDonalds (MCD) - 3% better than expected.
Scotts Miracle Gro (SMG) - 14% better than expected.
Verizon Communications (VZ) - met expectations.
3M (MMM) - 2% better than expected.
Dow Chemical (DOW) - 5% better than expected.
T Rowe Price Group (TROW) - 8% better than expected.
TransCanada Corp. (TRP) - 5% better than expected.
Altria Group (MO) - 3% better than expected.
Kellogg (K) - met expectations.
Kraft (KFT) - met expectations.
UPS (UPS) - met expectations.
Colgate Palmolive (CL) - 2% better than expected.
Procter & Gamble (PG) - 1% better than expected.
CVS Caremark (CVS) - met expectations.
Automatic Data Processing (ADP) - met expecations.
2 comments:
good point. while media and other blogs focus on earnings misses from financials, non financial companies' earnings are up an average 11% in Q4.
housing and credit crises no doubt will take toll on the economy, but some make it as if the world is coming to an end.
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