Reading snippets of CEO comments after their earnings releases highlights the tug of war between the bulls and the bears over where this economy and stock market are going certainly relative to where it was just 5 weeks ago.

Are the shoots green or some other shade?

Here are some quotes: JCP, ‘sales slightly better, more predictable,’ NSC, ‘still seeing significant pressure on volumes but think things bottom out by June q,’ UTX, ‘seeing signs of stabilization in orders but don’t see significant change in environment,’ COF, ‘unemployment is sort of raging,’ R, ‘there’s no evidence economy is bottoming out and could get much worse,’ AMD, ‘it’s not possible to say demand has hit bottom,’ ETH, ‘Mar business showed improvements from Feb while significantly lower than Mar of last year.’

These comments are taken off Bloomberg so I can’t confirm the exact quote.

Category: Corporate Management, Earnings, Economy

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

102 Responses to “Green or some other shade of shoots”

  1. ben22 says:

    Mark,

    I thought you might like this:

    “Did Goldman, Sachs and Company organize the Goldman, Sachs Trading Corporation?” Senator Couzens asked.
    “Yes, sir,” Mr. Sachs replied.
    “And it sold its stock to the public?”
    “A portion of it. The firm invested originally in 10 percent of the entire issue for the sum of $10 million.”
    “And the other 90 percent was sold to the public?”
    “Yes, sir.”
    “At what price?”
    “At 104. That is the old stock … the stock was split two for one.”
    “And what is the price of the stock now?”
    “Approximately 1 ¾.”

    If you can figure out what book it came from good for you.

    Thanks for the links on MON, as always.

    I’m still long, though I have some puts in place now which I did not before. I do this every year in late spring. If it goes below 70 again I’ll buy some more. I’m expecting a leg down in the summer/fall that should allow me to buy more.

  2. ben22,

    http://books.google.com/books?q=%E2%80%9CDid+Goldman%2C+Sachs+and+Company+organize+the+Goldman%2C+Sachs+Trading+Corporation%3F%E2%80%9D+Senator+Couzens+asked.&btnG=Search+Books

    more than one!

    RTN: Raytheon on Thursday reported first-quarter net earnings of $452 million, or $1.12 per share, up from $398 million, or 92 cents per share, a year earlier. On a continuing operations basis, the company earned $1.11 per share, surpassing Wall Street expectations of $1.01 per share.

    Revenue at the Waltham, Mass.-based company climbed 10 percent to $5.88 billion, beating projections of $5.60 billion.

    Sales increased in each of Raytheon’s six divisions, which make missile defense systems, intelligence gear and sensors for spacecraft. Raytheon’s results reflect how defense firms are broadening their work beyond just bombs and warplanes as Pentagon priorities shift.

    Along with its intelligence work, Raytheon saw the fastest quarterly sales growth in its unit that does training for the U.S. Army and other military groups.

    Raytheon raised its 2009 forecast by 10 cents to between $4.55 to $4.70 per share, in the range of Wall Street analysts. Chief Financial Officer David Wajsgras attributed the boost to stronger across-the-board results in the quarter.

    Raytheon’s stock rose $2.74, or 6.6 percent, to close at $44.04. The stock has ranged from $33.20 to $66.50 over the past year.
    ~~