Welcome to Happy Hour and the first week of financial literacy month. With that I bring you some of the more interesting topics of discussion I came across this week.
First Quarter Earnings Season
The market has had a great first quarter of the year so far. The S&P 500 is up about 11% for 2012. That’s a nice annual return for only three months. It might be ahead of itself as we’ve seen some sell off this week. But news has been almost nonexistent and I believe too many people are waiting for an unwarranted repeat of last year.
With earnings season kicking off April 10, it’s a good time for a portfolio review. Listen to the conference calls as the earnings reports are released. Keep an eye on revised revenue and profit numbers too. We want to see upward revisions and positive outlooks on the year. If a majority of the earnings beat analyst expectations we can expect the market to move higher from here. Don’t be sold by a few good or bad reports early on. There’s still 9 months left on the year and an election to mess with the markets.
It’s like a product of a sci-fi flick, Google announced the testing of Project Glass that allows for hands free mobile. And phone free mobile too. You’ll just have to check the video out. Continue Reading…