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Accounting Usually Creates A Decent Earnings Season—But Not This Year

Read More : http://www.investmentcontrarians.com/recession/accounting-usually-creates-a-decent-earnings-season-but-not-this-year/1904/

When I read the newswires each morning, I scour for trading opportunities; but the one thing that I have been noticing lately is the lack of moderate revenue growth among the reporting companies. I'm not saying that I would like to see revenues growing at 30%-40% or more, but even growth in the low double digits would suffice at this point, given the global stalling.

The market is all giddy about the first-quarter earnings season early on, but I really don't understand why investors are that happy. I'm clearly not seeing the same things.

As of Monday, about 104 S&P 500 companies have reported during the earnings season, and their results have been in line with the previous quarters, in which about 67.3% beat earnings-per-share (NYSEARCA:EPS) estimates, according to Thomson Financial.

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