The World's Stock Pickers Have Turned Positive For The First Time In 41 Weeks

Img

One of the more counterintuitive phenomena in the stock markets lately has been the monster rally amid deteriorating earnings growth expectations.

However, this trend may be turning.

According to Citi's Robert Buckland, analysts worldwide–on a net basis–have raised their earnings estimates for the first time in ten months.  From Buckland's note to clients:

Positive Global EPS Revisions — Weekly global net analyst EPS revisions finally turned positive after 41 weeks of consecutive downgrades. If this trend is sustained, it will help support stock markets, in our view.

Major regions — Japan has been the strongest region WoW (+34%) followed by Continental Europe (+10%) and the UK (+3%). The US has been the weakest region last week (-13%) after being one of the strongest during the previous week. EM EPS revisions have improved, yet remain negative (-1% vs. -5% previous week).
...
The "Problem Child" — Earnings revisions for the companies at the epicentre of the current concerns, European Periphery and Continental European Financials, have stabilised. The European Periphery has seen positive revisions over the week (+10%) while ERI for Continental European Financials was at -14%.

If you look very carefully to the very far right, you'll see a tiny bar pointing north of zero.

Chart

SEE ALSO: The Best And Worst Stock Pickers On Wall Street >

Please follow Money Game on Twitter and Facebook.

Join the conversation about this story »

See Also:



Img Tags.bluekaiInsight.adsrvr
Feeds.feedburner
read full article

Latest ArticlesMost Read Articles

For latest CURRENT design & photos
Find Joysco Studio On Facebook


28 February 2012
Be Inspired: The Life of Heavy D (Documentary) FT. QUEEN LATIFAH AND MORE NARRATED BY...
21 May 2015
Rico Love is the hardest working man in showbiz right now. If he’s not writing a song for your...
21 May 2015
Rap group Camp Lo returns with their seventh studio album, 'Ragtime Hightimes.' Is the project...
21 May 2015
The Nike Roshe Run seems to get more daring by the day and some of the chances that the brand is taking...
21 May 2015
It's been six years since Max B got locked up, and the #FreeMaxB chants haven't stopped on...
21 May 2015
Chinx's family and friends will give a final farewell to the slain rapper at his funeral while cops...
21 May 2015
Drake is planning on one heck of a summer. OVO's head owl is not only embarking on his Jungle Tour...
21 May 2015
There are many things that have changed in hip-hop, but the game's respect for what the Notorious...
21 May 2015
Monica has surely been through some ups and downs in her personal life, many of them well-documented....
21 May 2015
The Nike Blazer seems like it's been missing from the scene as of late so seeing this new drop is...