MARKET HEADLINES
- Weaker Oil Prices Lift Asian Markets, Tokyo Gains 2%
- Oil Hits 7-Week Low at $124 on Demand Woes
- Five Things We've Learned From Earnings Season
- Bonds Hold Losses After Auction on 2-Year Notes
- Euro Stocks Gain on Banks, Auto Surge
- Oil Settles Below $125, Hitting a Six-Week Low
- Asian Markets Rally on Easing Oil Prices
- Stocks Rally to the Finish With Banks in the Lead
- Oil Boosts Stocks but Techs Weigh on Market
- Best Trades Now: Coal, Packaging, Retail & China
- Pactiv shares jump on 2Q profit that beat Wall St.
- XTO Energy shares fall as oil slides
- WaMu shares fall on 2Q loss, S&P downgrade
- Genzyme shares fall on more Myozyme delays
- Talbots up as analyst predicts market-share gains
- CEC Entertainment shares soar on 2Q profit
- ADC Telecom shares fall on revised outlook
- Jakks Pacific shares fall on 2Q results
- CH Robinson shares plunge after 2Q miss, downgrade
- Lincoln Electric Holdings shares up on profit rise
As of this past Friday, 441 of the S&P 500 companies (just under 90%) have reported earnings.
Here's how things stand:
- Companies Exceeding Estimates: 279 or 63%
- Companies Matching Estimates: 51 or 12%
- Companies Falling Below Estimates: 111 or 25%
So far, the tech sector has had the biggest surprises to the upside, with Lexmark reporting EPS that was 122% above expectations. In absolute dollars, Exxon still leads with its $982 million surprise. Microsoft and GM follow with $380 million and $352 million respectively.
Earnings Leaderboard - Best Performers (as of 2/22) |
| Company | Symbol | Sector | Date | EPS Est. | Actual | %Chg |
| Lexmark Holdings | LXK | Tech | 1/29 | 0.58 | 1.29 | 122% |
| Tellabs Inc | TLAB | Tech | 1/22 | 0.01 | 0.02 | 100% |
| LSI Corp | LSI | Tech | 1/23 | 0.07 | 0.13 | 86% |
| JDS Uniphase | JDSU | Tech | 2/5 | 0.12 | 0.22 | 83% |
| Tyson Foods Inc | TSN | CnStp | 1/28 | 0.04 | 0.07 | 75% |
| Valero Energy | VLO | Energy | 1/29 | 0.64 | 1.02 | 59% |
| Raytheon Co. | RTN | Indus | 1/31 | 0.92 | 1.45 | 58% |
| Cincinnati Financial | CINF | Fin Svcs | 2/6 | 0.74 | 1.07 | 45% |
| CA Inc. | CA | Tech | 1/31 | 0.25 | 0.36 | 44% |
| Polo Ralph Lauren | RL | CnDisc | 2/6 | 0.77 | 1.08 | 40% |
On the downside, the banks lead the losers with Sallie Mae reporting the biggest miss in that sector, off by 165%. The biggest surprise overall has been Tesoro which missed by 1,550%. In absolute dollars, Merrill Lynch is still the biggest loser with its $6.3 billion downside surprise. Citigroup and Morgan Stanley follow with downside surprises of $4.7 billion and $3.2 billion respectively.
Earnings Leaderboard - Biggest Losers (as of 2/22) |
| Company | Symbol | Sector | Rpt Date | EPS Est. | Actual | %Chg |
| Tesoro | TSO | Energy | 1/31 | 0.02 | -0.29 | -1550% |
| Sallie Mae | SLM | Fin Svcs | 1/23 | 0.55 | -0.36 | -165% |
| Marshall & Iisley | MI | Fin Svcs | 1/15 | 0.19 | -0.09 | -147% |
| SunTrust | STI | Fin Svcs | 1/23 | 0.31 | 0.01 | -97% |
| Consol Energy | CNX | Energy | 1/29 | 0.34 | 0.04 | -88% |
| Wachovia | WB | Fin Svcs | 1/22 | 0.33 | 0.08 | -76% |
| Fifth Third Bancorp | FITB | Fin Svcs | 1/22 | 0.27 | 0.07 | -74% |
| Bank of America | BAC | Fin Svcs | 1/22 | 0.18 | 0.05 | -72% |
| Unisys | UIS | Tech | 1/29 | 0.12 | 0.04 | -67% |
| XL Capital | XL | Fin Svcs | 2/5 | 1.76 | 0.66 | -63% |
Source:Thomson Financial
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Data is a real-time snapshot *Data is delayed at least 15 minutes