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IBDvalueinvestin (98.47)

Stocks blowing away Earnings Estimates so far.



July 20, 2009 – Comments (1) | RELATED TICKERS: PETS

on cost cuts, with the stocks being as lean as they are with the cost cuts any upside to revenues causes a dramatic increase in earnings.

This morning PETS blows away estimates with a .36 eps vs. .31 estimate. 

1 Comments – Post Your Own

#1) On July 20, 2009 at 8:41 AM, davejh23 (< 20) wrote:

Blowing away estimates "on cost cuts"...not revenue growth. It's not difficult to "blow away" weak estimates. The market is behaving like the recession is over. I'm not calling for a crash, but I'm being very cautious at this point. If we get weak earnings from the financials in the second half, the market will drop. I wouldn't be suprised to see CIT fail in second half as well. They're backing $3 billion in new investment with some of their best assets...this is only going to delay the inevitable.

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