Yesterday (7-24-14) there were 50 companies in the S&P 500 (our favorite domestic index) reporting earnings. Making us very much in the middle of earnings season.
Earnings Season – So Far So Good
Coming into this quarter’s 90 day treadmill, AKA earnings season, expectations were for about 5-6% growth. Well….it looks like we are going to do just that. Some may argue the bar was low. Stepping over a lower bar is much better than falling short of a higher bar.
Even though it is earnings season, market participants are scarce based on volume and odd trading patterns. Over all, so far so good ! More to come after we get farther along.
Due Diligence Meeting
Next week very early on Wednesday I travel to the land of the Longhorn for a due diligence meeting with a major financial firm to review their offerings in person and meet management. Donald “The Brain” and I have been researching them for about six months now and expect to bring you more information soon.
Ahhhh….but today is a Friday (hot Friday here) and that means its time to enjoy those special in your life…it’s goes fast…cherish the moments !!
See you next week !
John A. Kvale CFA, CFP
PS I will be on the road for most of early August, working remotely far from the heat as in the past several years, with family (dad & family too), fellow professionals, friends, and cool weather …. tethered heavy electronically.
PSS Correction from last weeks summer reading post, the Mrs. is a Vegetarian, not Vegan.
http://www.jkfinancialinc.com http://www.street-cents.com 8222 Douglas Ave # 590 Dallas, TX 75225