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

Find Joysco Studio On Facebook


28 February 2012
Be Inspired: The Life of Heavy D (Documentary) FT. QUEEN LATIFAH AND MORE NARRATED BY...
09 August 2014
PixelThe so-called iPhone 6 is back in the news today, thanks to some lovingly detailed photo leaks from a...
10 July 2014
Iphonelenskit[This is an advertorial. Maclife gets a portion of each unit sold.]The iPhone has become a capable...
10 July 2014
Factory Outlet Ebay Store 620pxIf you're in the market for a deal on an Apple Certified Refurbished unlocked iPhone 5 complete with a...
10 July 2014
FindmyiphoneApple has been attempting to distance itself from Google for some time now, and the latest service...
10 July 2014
IphoneAs hard as may be to believe in these days of rampant iPhone thefts, sometimes lost iPhones make their...
10 July 2014
Mal93.rev Dragon.dragon02Thanks to Siri, we’re all getting familiar with voice recognition. Where the technology really comes...
07 July 2014
Airport Security Checkpoint 620pxOur fellow Americans: Welcome back from a three-day weekend of barbecues and fireworks! July is...
07 July 2014
Other 1Whenever you plug an iPhone or iPad into a Mac and check its data storage in iTunes, a chunk of space is...
07 July 2014
We've heard a lot about how strong the rumored sapphire crystal screens for the iPhone 6 supposedly are,...