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...
22 March 2015
Last year, Usher and Chris Brown’s budding friendship resulted in the Grammy-nominated single,...
22 March 2015
After dropping his 2014 mixtape Monster and his Beast Mode project in January, Future is back with...
22 March 2015
While a majority of your favorite rappers were performing in Austin, Texas at SXSW, rapper Meek Mill and...
22 March 2015
The “Blurred Lines” case has been a hot topic ever since the Marvin Gaye family won a $7.3...
22 March 2015
Mississippi duo Rae Sremmurd didn’t take the stage at Hype Hotel for SXSW in Austin, Texas on...
22 March 2015
It looks like Nicki Minaj is having a lot of fun on her European leg of the Pinkprint Tour. On Friday...
22 March 2015
Did Rihanna throw a subtle jab at her ex-boyfriend Chris Brown. Well, maybe. While promoting her...
22 March 2015
Kanye West is having a phenomenal year so far, but it looks like some fans want to rain on his parade....
22 March 2015
Spring may be just around the corner, but it’s still a Cole World. After closing out SXSW with an...