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Michael Levy
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Michael Levy is a professional optimist. He is an international radio host and the author of ten inspirational books. His new explosive book is titled; "CUTTING TRUTHS" It is now available at Amazon and Michael's website. Michael's poetry and essays grace many web sites, newspapers,... More
My company:
Point of life Inc
My blog:
Michael Levy's Blog
My book:
CUTTING TRUTHS
  • Corporate America is Booming... Will it Continue? 0 comments
    Jul 22, 2010 8:29 AM | about stocks: NFLX, TEX, WDC, XLNX, QCOM, EBAY, ADS
    Mr. Bernanke needs to come out of the dark shadows and seek the light of Corporate America.

    Many companies reporting earnings are beating estimates and are underplaying future earnings because of possible litigation if they get too enthusiastic.

    Here are companies that reported earnings after the close on Wednesday  21 July 2010
    • Alliance Data Systems (ADS): Q2 EPS of $1.38 beats by $0.06. Revenue of $670M (+46%) vs. $657M. Shares -0.5% AH. (PR)
    • Amdocs (DOX): Q2 EPS of $0.58 beats by $0.01. Revenue of $753M vs. $758M. (PR)
    • Amylin Pharmaceuticals (AMLN): Q2 EPS of -$0.28 beats by $0.01. Revenue of $164M (-17.2%) vs. $173M. Shares +0.6% AH. (PR, earnings call transcript)
    • Baidu.com (BIDU): Q2 EPS of $0.35 beats by $0.04. Revenue of $282M (+74.4%) vs. $276M. Shares +3.18% AH. (PR, earnings call transcript)
    • CA Inc. (CA): FQ1 EPS of $0.45 beats by $0.03. Revenue of $1.1B (+4.5%) in-line. Shares -1.4% AH. (PR, earnings call transcript)
    • eBay (EBAY): Q2 EPS of $0.40 beats by $0.02. Revenue of $2.2B (+5.6%) in-line. Shares +2.4% AH. (PR, earnings call transcript)
    • F5 Networks (FFIV): FQ3 EPS of $0.66 beats by $0.07. Revenue of $231M (+45.7%) vs. $218M. Shares +6.3% AH. (PR)
    • Fidelity National Financial (FNF): Q2 EPS of $0.61 beats by $0.26. Revenue of $1.5B (-3.8%) vs. $1.4B. (PR)
    • Intersil (ISIL): Q2 EPS of -$0.48 may not be comparable to consensus of $0.09. Revenue of $220M (+49.3%) vs. $218M. Shares -3.4% AH. (PR)
    • Netflix (NFLX): Q2 EPS of $0.80 beats by $0.09. Revenue of $520M (+27%) vs. $524M. Shares -9.2% AH. (PR, earnings call transcript)
    • Qualcomm (QCOM): FQ3 EPS of $0.57 beats by $0.03. Revenue of $2.7B (-1.7%) vs. $2.6B. Shares +5.1% AH. (PR, earnings call transcript)
    • Robert Half International (RHI): Q2 EPS of $0.08 beats by $0.01. Revenue of $769M (+2.6%) vs. $759M. Shares -0.7% AH. (PR, earnings call transcript)
    • Starbucks (SBUX): FQ3 EPS of $0.29 in-line. Revenue of $2.61B (+8.7%) vs. $2.55B. Raises dividend to $0.13 from $0.10. Shares -1.9% AH. (PR, earnings call transcript)
    • Terex (TEX): Q2 EPS of -$0.12 beats by $0.18. Revenue of $1.1B (+14%) in-line. Shares +2.1% AH. (PR)
    • Total System Services (TSS): Q2 EPS of $0.25 beats by $0.02. Revenue of $434M (+5.3%) vs. $425M. (PR, earnings call transcript)
    • Western Digital (WDC): FQ4 EPS of $1.13 may not be comparable to consensus of $1.35. Revenue of $2.4B (+23%) in-line. Shares -3.4% AH. (PR, earnings call transcript)
    • Xilinx (XLNX): FQ1 EPS of $0.58 beats by $0.05. Revenue of $595M (+58.1%) vs. $569M. Shares +0.7% AH. (PR, earnings call transcript)
    The trend for higher corporate profits is set to continue in the foreseeable future.
    If house prices are allowed to come down further, to a level that will recreate the pent up demand, then buyers will come back in droves and the housing inventory will come down rapidly.

    This will help homebuilders take on new workers which in turn will help other industries...thus, there will be less jobless claims.

    Cheap house prices will create the demand, not extra stimulus to keep prices artificially too high.  

    When the fear dissipates, interest rates will start to rise faster than they went down.America leads the world in consumerism and they are catching on very fast.
     
    The world is fast becoming a consumerism supermarket and nothing will be able to stop the strong force of material desires.


    Disclosure: Long position ebay,
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