Earnings Season

Get ready for earnings season! Earnings season is when all of the companies begin to announce their quarterly earnings. Most people are expecting good corporate earnings for this most recent quarter. If this comes true, we should expect to see the market "pop" a little bit on the news.

I think that in the next few weeks/month, while earnings are being announced, good corporate earnings could easily overshadow the news in Europe (unless, of course, there is a meltdown). So always be on the lookout for when any companies in your portfolio are announcing their earnings, as you will want to know how your investments are doing.

Below is the link for the Bloomberg earnings calendar. Use this to monitor which companies report when, paying special attention to large companies whose earnings could move the markets.

http://www.bloomberg.com/apps/ecal?c=US

For example, JP Morgan Chase reports on Friday, the 13th. This earnings release could foreshadow how banks are doing, and has the power to influence how the stock market trades on Friday and in the following week(s).

I'm currently studying for finance interviews, so I must leave you all with this only. Before I do, though, I'd like to share this chart:

It shows the historic and current P/E ratio of the S&P 500. Is it undervalued? Overvalued? I'm not really sure. Have a look and see what you think.

Cheers,
BFB