There could not possibly be any clouds on the horizon with the Dow and the S&P 500 setting all-time highs, while the German DAX is marching relentlessly towards 8,000 and the Japanese Nikkei is soaring. But just then, a deeply connected representat…
Search Results for:
The rally has now reached the area of the 6 month cycle projection but other cycles point higher, with time counts indicating plenty of time…
Dividend.comChevron CEO sees compensation hiked to $32MHouston Business JournalChevron Corp. (NYSE: CVX) paid CEO John Watson a total $32.2 million in 2012, a 30.3 percent boost from the previous year, regulatory filings show. Collin Eaton: Reporter- H…
Wall Street Journal- India (blog) Eurozone crisis: Alarm as Cyprus rescue bill swells to €23bn – as it happened The Guardian In a withering letter,…
Indiana Public Media Lilly Plans to Lay Off 30% of Its Sales Reps Wall Street Journal Eli Lilly & Co. plans to lay off about…
KOMO News Retail sales rise slightly in March Los Angeles Times Consumers shopping during a chilly March gave retail sales for the month a half-hearted…
Does Mark know? Winklevii claim they own 1 percent of all Bitcoins CNET (blog) Whenever percentages and the Winklevoss Brothers come together, there is always…
MiamiHerald.com News Summary: Investors sour on PC stalwarts The Associated Press PC CRASH: Investors dumped the stocks of personal computer bellwethers Microsoft Corp. and Hewlett-Packard…
Russ Winter and Lee Adler discuss what the crash in bitcoin symbolizes, central banking bubbles, gold, and the stock market making a bullseye on Lee’s price target. Where to from here? Tune in and find out. This is a subscriber only podcast, subscribers may click here to listen. If you are not a subscriber, click here to access the Monday, January 7 podcast (Will Lousy Earnings Matter With Fed Pumping It Up?) . Subscribers can click the player at the bottom of this post (visible on Radio Free Wall Street main site only) to listen to today’s podcast, or use this link to download. If you are not a subscriber and would like to hear not only today’s podcast but all 8 or 9 podcasts each month, click this button to start your subscription. It takes less than a minute to complete the signup form and start listening to all Radio Free Wall Street podcasts. To learn more click here! or join and listen right now! By clicking this button, I agree to the Wall Street Examiner’s Terms of Use. 3 month subscription to Radio Free Wall Street podcasts, renewing automatically unless canceled.Price: $29.00 iTunes users can download your subscription podcasts by using Subscribe to Podcast under the advanced tab. Enter […]
At the start of every earnings season, investors typically turn to Alcoa Inc. (NYSE: AA) – the first company in the Dow Jones to report earnings each quarter – as a market bellwether.
But Alcoa is no longer a reliable market indicator.
“With this upcoming earnings season, we wouldn’t put nearly the same confidence [in Alcoa] that we would just five or six years ago,” Ryan Detrick, a Cincinnati-based analyst at Shaeffer’s Investment Research, told Bloomberg News. “The company’s results now predict the direction of the market about as well as a coin flip.”
In fact, Money Morning Global Investing Strategist Martin Hutchinson said Alcoa, the largest producer of aluminum in the U.S., should never have been used as an economic indicator.
“I don’t think Alcoa was ever a very good bellwether; it just reports first,” Hutchinson said. “The aluminum cycle tells you something about manufacturing conditions, but manufacturing is a small part of the economy these days.”
So if not Alcoa, then what stocks should investors pay attention to this earnings season?