This Week's Earnings In 60 Seconds

With new economic reports and earnings reports flying at us each day this week, I’m going to keep things short and sweet today. Now that we’re in our second week of fourth-quarter earnings season, we saw market-moving announcements from several major banks and financial institutions. I’ve boiled down the highlights below in a quick and easy chart, so before I let you go for the long weekend I recommend you give this a look over. I’ve also included link to each and every stock’s Portfolio Grader report because just because a company posted earnings growth doesn’t make it an automatic buy, in my book (and vice versa).

Ticker Name Sales Growth Earnings Growth Earnings Surprise/Miss My Take
EBAY eBay Inc. 18% -62% 1% Strong Buy
GS Goldman Sachs Group 53% 189% 48% Buy
PGR Progressive Corp. N/A -3% 24% Buy
STI SunTrust Banks Inc. 12% 393% 7% Buy
BAC Bank of America Corp. -25% -63% 50% Cautious Buy
AXP American Express Co.  5% -47% 0% Hold
Citigroup Inc. 6% 25% -28% Hold
COF Capital One Financial Corp. 37% 116% -11% Hold
GE General Electric Co. 4% 8% 2% Hold
SCHW Charles Schwab Corp. 9% 16% 0% Hold
MS Morgan Stanley 43% Swung to profit 67% Sell
PNC PNC Financial Services Group 15% 47% 9% Sell
WEN Wendy’s Co. 2% 463% 100% Sell
INTC Intel Corp. -3% -27% 13% Strong Sell

Wall Street will be closed next Monday to commemorate Martin Luther King Jr. Day (as well as the Presidential Inauguration), so I’ll check back in bright and early on Tuesday.

Until then,

Louis Navellier

Louis Navellier

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