With the start of earning season, number of banks have published their earnings. Lets take a quick peek into the numbers !
Symbol
Company
Size
Surprise Factor
Stock Reaction (%)
UNH
UnitedHealth Group Inc
477.0B
6.43%
0.6
JPM
JPMorgan Chase & Co
321.2B
9.47%
2
WFC
Wells Fargo & Co
160.7B
19.27%
2.76
MS
Morgan Stanley
136.2B
-2.65%
-4.78
C
Citigroup Inc
83.2B
3.45%
0.275
PNC
PNC Financial Services Group Inc
62.7B
2.44%
-1.4
USB
US Bancorp
61.5B
0.00%
3.47
FRC
First Republic Bank
24.6B
1.38%
-16
While Markets were expecting muted results, there was a still little hope that the results won’t be too aweful. The investors reacted to the earnings summarized by sentiments below
Date
Average Surprise
Average Stock Reaction
Average Index
10/24/22
4.97%
-1.634375
-1.84%
Overall, while the companies on an average reported better earnings, the reaction to it was more on the negative side owing to anxiety about the future.
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Stocks with earnings volatility in next session
Symbol
Company
Size
Growth Estimate
BAC
Bank of America Corp
254.6B
-8.24%
SCHW
Charles Schwab Corp
140.5B
25.00%
BK
Bank of New York Mellon Corp
31.7B
3.85%
ELS
Equity LifeStyle Properties Inc
11.5B
6.15%
MRTN
Marten Transport Ltd
1.6B
26.92%
JNJ
Johnson & Johnson
434.2B
-3.08%
LMT
Lockheed Martin Corp
107.6B
1.05%
GS
Goldman Sachs Group Inc
104.8B
-49.70%
TFC
Truist Financial Corp
58.5B
-14.08%
STT
State Street Corp
23.3B
-9.18%
ACI
Albertsons Companies Inc
15.2B
0.00%
SBNY
Signature Bank
9.7B
40.98%
HAS
Hasbro Inc
9.4B
-13.78%
CBSH
Commerce Bancshares Inc
8.5B
-1.90%
SI
Silvergate Capital Corp
2.2B
54.55%
Reference: Data obtained from Charles Schwab, Yahoo Finance and publicly available data sources.
Hurray ! Earning Season of the last quarter of 2022 is here. What’s in store this quarter?
Will this change this Quarter?
Most of us experienced that our dollar investments have dropped significantly compared to the start of the year. Except some savvyy investors, no one is above the water. I am starting this newspost to share my experience with whoever finds it useful. So, be aware, this post is from a blogger and not a financial analyst !
What is an Earnings Season?
Earning season is a pre-defined period where no. of publicly listed companies release their financial statements and make them available publicly. In 4-8 weeks of earning release, majority of the companies would have reported their earnings. Hence, this period is referred as earnings season.
How often are earnings released?
Financial year is divided in 4 quarters. Each company chooses its own start of the financial year. Eg. a company can have the first quarter start in the month of January or in February or for that matter any month of the year. However, all of them need to release earning every quarter. So, no matter when you start, company will report earning on an average every 3 months.
How markets will perform this quarter?
FED is the king of this quarter. Along with global instability and FED increasing key interest rates, there is always going to be a downward pressure. And towards the end of November, December will see rebalancing activities that will further see pressure on the markets.
What should I do this quarter?
Most of the market gurus seem to suggest that investors should avoid aggressive and speculative investing. Its not a great time for beginner investors who make risk losing their initial investments. But, for seasoned investors, this may be time to closely follow the market for bottom fishing.
Holi is celebrated in India on a full-moon day in the month of Falgun as per the lunar calendar.
Why
The festival is devoted to story of Prahlad and his aunt Holika. Holika was sister of demon king Hiranyakashyapu. Holika had a blessing that she will be protected from Fire and cannot be burnt. To help Hiranyakashapu burn Prahlad, she took Prahlad in her lap thinking that she will be protected due to the blessing. However, since, her intentions were wrong, fire burns her and Prahlad is protected instead.
How
The festival is celebrated by setting on fire a dried tree or branches of tree set together in an open ground. Its like campfire but much larger in size. People remember the story of Holika and offer to fire wishing that any bad omen (represented by “Dhoonda” demoness) towards their village or community gets destroyed by the fire just like it burnt the Holika. As part of the ritual, devotees will go around in circle and put their offering in the fire. The offerings can be an oil, food, flower, coins etc. The Shankha or Conch is blew.
It is also believed that Shankar burnt Madana (Another demon) on the same day and Shiva’s followers cursed Madana. Representing that, devotees loudly curse anyone that they feel should be punished.
Practical Significance
Use this opportunity to cleanse yourself by philosophical actions such as activity of burning, or cursing anyone, but, in the end, remove misgivings from your mind and bring it to a pure state.
The festival is during end of winter and marks coming of summer. Its important marker for people to end winter activities and prepare for the summer.
Important Learning
Power when used with ill-intentions will result in self-destruction.
You should burn your ill-wishes, desires for healthy mind and living.
Mahashivaratri is an Indian festival dedicated to Shiva and his wife Parvati. The date and time is as per the lunar calendar in the month of Magha and on the thirteenth day from the full moon (Magha Krishna Trayodashi).
After Vasantapachami (marking start of spring season in India), trees start the flowering season. Mango tree is full with blossom termed as mohor. This mohor and kavath is used to devote to Mahadeva or God of the gods – Shiva.
As a custom, from the night before mahashivratri, devotees do the fasting and release the fasting by taking a morning bath at a river or at the sea. It is considered auspicious.
Customs during the festivities
If you have a mahadev pinda at home or if there is a shivalinga in a temple nearby, devotees offer milk, water and belapatra to the god. It is said that these are favorites of shiva. After offering, meditate and chant the mantra that praise God Shiva.
After mediation, offer shiva gandham, bela and white flowers and perform milk abhishek. Use 1, 11, 21, 51 or 101 bela leaves (bunch of 3 leaves – tridala) and remember shiva or say “Aum Namah Shivay” or I offer prayers to God Shiva.
Shiva and Shakti
This day is very special because it marks coming together of Shiva and Shakti, the husband and wife which are considered Supreme God and Goddess as per Hindu Mythology.
Russia sees NATO’s involvement as a security risk for itself.
When?
The preparation for the launch has been going on over the last year. The hostilities have incrementally increased over last month and increased exponentially with Russian president Putin declaring the war today.
