- the source for market opinions


July 29, 2023 | Tech Talk for Saturday July 29th 2023

Donald Vialoux is author of the free blog Tech Talk, a daily investment report available during the past 20 years at Comments focus on the seasonal and technical outlook for equity indices, commodities and sectors. Mr. Vialoux has 53 years of experience in the investment industry and is a past president of the Canadian Society of Technical Analysts (CSTA).

The Bottom Line

North American equity markets continued to respond to better than expected negative corporate news. Second quarter results released to date by major U.S and Canadian companies have been better than expected: Last week, 80 % of reporting S&P 500 companies reported higher than consensus earnings and 64% reported higher than consensus revenues. Better than consensus results released to date prompted analysts to increase their earnings estimates from large year-over-year losses to moderate year-over-year losses. Revenue estimates were increased from a small decline to break even.

Download (PDF, 356KB)

STAY INFORMED! Receive our Weekly Recap of thought provoking articles, podcasts, and radio delivered to your inbox for FREE! Sign up here for the Weekly Recap.

July 29th, 2023

Posted In: Tech Talk

Post a Comment:

Your email address will not be published. Required fields are marked *

All Comments are moderated before appearing on the site


This site uses Akismet to reduce spam. Learn how your comment data is processed.