Mon, Jan 07, 2013 - Page 15 News List

US investors focusing on earnings

GLOOMY FORECASTS:As market attention shifts toward earnings reports for last quarter, a number of analysts are expecting lackluster figures driven by European concerns

Reuters, NEW YORK

In spite of the cautious outlooks, some analysts still see a good chance for earnings beats this reporting period.

“The thinking is you need top line growth for earnings to continue to expand, and we’ve seen the market defy that,” said Mike Jackson, founder of Denver-based investment firm T3 Equity Labs.

Based on his analysis, energy, industrials and consumer discretionary are the S&P sectors most likely to beat earnings expectations in the upcoming season, while consumer staples, materials and utilities are the least likely to beat, Jackson said.

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