Why The Bull Still Has Running RoomJeffrey M. Laderman
It's at least three weeks before Corporate America starts swamping the newswires with quarterly earnings reports, but already there's a growing uneasiness in the air. On Sept. 13, IBM, the stock market's comeback kid, told Wall Street analysts that its third-quarter profit forecasts were too high. During the following days, other high-profile technology companies such as Apple Computer Inc. and Oracle Corp. also deflated expectations. It's not just technology. Caterpillar Inc., an old-line industrial giant turned tough world-class competitor, reported on Sept. 19 that earnings would fall below year-ago levels.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Fewest Jobless Claims Since 1973 Show Firm U.S. Job Market
- Greenwich Mansion Listings Pulled to Wait for a Better Day
- Germans Are Going Wild for a Show Set During the Dawn of the Nazis
- U.S. Stocks Climb With Treasuries as Dollar Slides: Markets Wrap
- The U.K.'s $86 Billion Pension Problem Is About to Solve Itself