All Entries Tagged With: "Earnings Season"

The Start of Earning Season: What to Expect from GOOG, GS, & IBM

As we enter the start of earning season many people are nervous on what to expect and whether or not earnings alone can rally us into another bull market. Should be an interesting first week, here are my Top 3 Most Important Earnings Reports:

Google (GOOG) – If anyone doubts the Internet King, think again. Google has been rallying since all year up 80% ytd. Google has the momentum behind them with three recent upgrades that I am sure they will come through and crush the earnings report and report a positive long-term outlook. I think we are starting to see a resurgence in Ad spending that will send Google to $600.

Goldman Sachs (GS) – Goldman, the cream of the crop when it comes to investment banks. Up 175% ytd and I don’t see them stopping anytime soon. With M&A activity picking up along with large trading gains $200 is inevitable. Look for them to report amazing numbers.

International Business Machines (IBM) – Fall is always a bull market for Tech stocks and I see nothing different this year. We saw IBM soar on Friday look for them to continue the streak leading to the report. With strong recent upgrades, a clean balance sheet, and a good-looking P/E the future looks good.