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.
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