For Immediate Release
Chicago, IL – January 7, 2010 – Zacks Research Equity Strategist Dirk Van Dijk says that S&P 500 earnings are continuing to show red ink. He tracks companies on the Zacks.com web site, naming names, while forecasting trends for the months ahead.
Strong Earnings Expected Through 2011
The overall revisions ratio for the full S&P 500 this year is at 2.04, which is very strong. Upward revisions have been continuing even now that earnings season is over. Tech has been very positive with a 8.48 revisions ratio; this accounts for 26.2% of all upward revisions and just 6.3% of all cuts.
The Tech strength was concentrated among the Semiconductor firms, with especially strong revisions profiles from firms like Broadcom (BRCM), Micron Technology (MU), National Semiconductor (NSM) and Texas Instruments (TXN). These firms are near the base of the food chain for all of technology, as their products go into all the other firms products. Thus the strength there is a good omen for the rest of the sector.
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Contact: Dirk Van Dijk, CFA
Company: Zacks.com
Phone: 312-265-9211
Email: pr@zacks.com
Visit: www.zacks.com
