|
| Thestreet.com Update Week of 7/26 |
by Ken Shreve of TheStreet.com |
I continue to hear market pundits complain about weak top-line growth in second-quarter earnings reports. I dont' get it. Sure, Boeing (BA) reported lackluster sales early Wednesday, but it’s been the exception, not the rule in recent weeks. What about the stellar reports recently from blue-chip names like UPS (UPS), Caterpillar (CAT) and 3M (MMM) that all showed solid top-line growth? It’s been a great earnings season so far, and I’m expecting more solid earnings reports over the next couple of weeks.
Five holdings in my model portfolio are scheduled to report this week: On Wednesday, Visa (V) and Whiting Petroleum (WLL) will report. On Thursday, Thoratec (THOR), Celgene (CELG), Rovi (ROVI) and Altisource Portfolio Solutions (ASPS) will be out with quarterly results. And on Friday, HMS Holdings (HMSY) will report.
For more information on my Market Movers newsletter, you can e-mail me
at ken.shreve@thestreet.com