GS technical outlook – market update – earnings overview

The Goldman weekly chart is acting out as expected, it is heading again for the 75/80 target and entered a weekly 11 count. That means as soon as we have the 13 week count in a powerful upleg, it will bring it back towards 125, which is a 38% retracement level, which is wave 4. Finally a wave 5 down towards the 60 level should occur. The fair value is anyway around 60-80 for 2009 as the earning will be around $8.

Volume is extremely low now as market participants are on the sidelines are going into the elections but, as expected, the market retreats towards the end of the session. Beneath, you find the earnings bottom line of 1837 companies who have reported so far.

Excerpt from WSJ:
.

No.
of
cos.
  Net on Continuing Operations Net Income
3rd Qtr. 2008 3rd Qtr. 2007 % Chg 3rd Qtr. 2008 3rd Qtr. 2007 % Chg
Basic Materials
12 Chemicals, Commodity 1,826,871 1,716,870 +6 1,812,022 1,557,442 +16
30 Chemicals, Specialty 2,605,638 1,711,531 +52 2,594,250 1,680,282 +54
2 Forestry 2,560 3,796 -33 2,560 3,796 -33
3 Paper 160,179 239,576 -33 160,179 236,576 -32
2 Aluminum 305,973 565,470 -46 304,973 562,470 -46
1 Nonferrous Metals 587,000 826,000 -29 587,000 838,000 -30
15 Iron & Steel 2,831,976 1,444,568 +96 2,830,854 1,447,296 +96
9 Coal 680,588 73,149 +830 678,085 49,965 +1257
3 General Mining 62,386 36,414 +71 62,386 36,414 +71
1 Gold Mining 177,000 331,000 -47 196,000 397,000 -51
78 Total 9,240,171 6,948,374 +33 9,228,309 6,809,241 +36
Consumer Services
9 Drug Retailers 1,822,688 1,750,658 +4 1,739,033 1,726,508 +1
10 Food Retailers & Wholesalers 667,007 674,661 -1 652,222 586,939 +11
48 Apparel Retailers 1,395,251 1,482,481 -6 1,381,567 1,434,049 -4
14 Broadline Retailers 4,882,605 4,858,026 +1 4,957,692 4,713,781 +5
4 Home Improvement Retailers 2,110,896 2,500,445 -16 2,111,050 2,568,401 -18
17 Specialized Consumer Services 868,721 -700,253   866,659 -890,085  
52 Specialty Retailers 818,083 1,362,407 -40 797,378 1,325,910 -40
7 Broadcasting & Entertainment -11,666,356 991,215   -11,665,709 1,005,033  
6 Media Agencies 293,389 234,622 +25 293,444 234,721 +25
22 Publishing 744,463 -287,582   749,114 -293,849  
12 Airlines -2,174,653 1,471,199   -2,174,653 1,471,199  
11 Gambling 338,481 446,056 -24 338,481 445,998 -24
7 Hotels 386,348 383,449 +1 386,348 392,449 -2
8 Recreational Services 1,851,522 1,873,365 -1 1,851,423 1,873,267 -1
26 Restaurants & Bars 1,726,915 1,581,259 +9 1,727,007 1,645,040 +5
3 Travel & Tourism 102,626 102,131   102,626 102,131  
256 Total 4,167,986 18,724,139 -78 4,113,682 18,341,492 -78
Consumer Goods
1 Automobiles 166,541 264,966 -37 166,541 264,966 -37
15 Auto Parts -317,036 640,490   -316,200 549,494  
1 Tires 10,303 -878   10,303 -878  
2 Distillers & Vintners 65,500 167,500 -61 65,500 167,400 -61
8 Soft Drinks 3,998,935 4,009,535   3,989,735 4,009,535  
2 Farming & Fishing -180,269 -282,717   -173,269 -207,717  
28 Food Products 2,262,548 2,344,188 -3 3,463,184 2,453,310 +41
14 Durable Household Products 537,278 597,239 -10 623,378 600,439 +4
6 Nondurable Household Products 3,458,971 3,165,844 +9 3,458,971 3,165,844 +9
17 Furnishings 190,570 293,009 -35 174,769 294,466 -41
16 Home Construction -1,557,950 -2,786,269   -1,528,389 -2,353,169  
3 Consumer Electronics 197,432 212,346 -7 197,432 212,346 -7
14 Recreational Products -533,640 152,269   -539,948 182,540  
5 Toys 482,820 385,604 +25 482,820 385,604 +25
21 Clothing & Accessories 566,907 615,043 -8 536,679 569,214 -6
7 Footwear 631,794 673,582 -6 631,794 673,582 -6
8 Personal Products 1,232,540 1,117,450 +10 1,359,452 1,124,525 +21
5 Tobacco 3,520,322 3,360,600 +5 3,520,322 5,093,600 -31
173 Total 14,733,565 14,929,801 -1 16,123,074 17,185,101 -6
Oil and Gas
13 Exploration & Production 7,306,084 3,267,750 +124 7,303,728 3,691,375 +98
4 Integrated Oil & Gas 8,611,422 5,288,535 +63 8,611,422 5,288,535 +63
32 Oil Equipment & Services 5,391,019 5,413,846   5,381,049 5,731,049 -6
9 Pipelines 503,936 273,173 +84 503,936 273,173 +84
4 Renewable Energy Equipment -6,727 1,326   -6,727 1,326  
2 Alternative Fuels -5,521 -7,564   -5,521 -7,564  
64 Total 21,800,213 14,237,066 +53 21,787,887 14,977,894 +45
Financial
318 Banks -23,651,177 19,051,171   -22,922,605 19,106,452  
3 Full Line Insurance -2,987,826 1,044,071   -2,978,826 1,044,071  
2 Insurance Brokers -440 1,008   -440 1,008  
28 Property & Casualty Insurance -246,746 4,395,923   -244,093 4,496,647  
9 Reinsurance -1,202,697 1,460,939   -1,202,719 1,456,662  
8 Life Insurance 213,479 1,443,247 -85 213,479 1,443,247 -85
14 Asset Managers 1,745,245 2,314,238 -25 1,743,245 2,312,238 -25
13 Consumer Finance 1,300,301 2,005,893 -35 1,188,523 1,013,341 +17
7 Specialty Finance -88,153 192,342   -88,153 192,342  
21 Investment Services -2,769,733 3,198,422   -2,532,072 4,617,246  
2 Mortgage Finance -311,576 -365,997   -311,576 -365,997  
2 Real Estate Services 13,196 45,652 -71 13,196 45,726 -71
4 Real Estate Holding & Development 31,686 -1,778   165,970 68,808 +141
8 Industrial & Office REITs 119,571 561,714 -79 107,843 714,172 -85
8 Retail REITs 63,241 50,972 +24 62,810 102,812 -39
3 Residential REITs -23,372 -12,160   -23,396 -10,992  
4 Diversified REITs 40,669 28,435 +43 73,308 68,036 +8
4 Specialty REITs 125,233 145,052 -14 115,333 146,268 -21
5 Mortgage REITs 152,962 -89,742   152,962 -89,742  
1 Hotel & Lodging REITs 18,158 25,823 -30 18,158 25,867 -30
464 Total -27,457,978 35,495,224   -26,449,052 36,388,211  
Healthcare
35 Health Care Providers 3,490,838 4,278,671 -18 3,434,931 4,219,453 -19
47 Medical Equipment 2,046,262 1,517,762 +35 2,040,680 1,512,080 +35
27 Medical Supplies 866,856 563,186 +54 866,923 566,759 +53
34 Biotechnology 2,567,187 1,432,843 +79 2,587,468 1,426,567 +81
28 Pharmaceuticals 10,372,863 9,778,309 +6 12,387,863 9,859,509 +26
171 Total 19,344,006 17,570,771 +10 21,317,865 17,584,368 +21
Industrial
27 Building Materials & Fixtures 58,464 1,074,016 -95 85,127 1,173,625 -93
6 Heavy Construction 190,705 97,353 +96 189,566 99,655 +90
16 Aerospace 1,341,277 1,739,764 -23 1,347,854 1,759,373 -23
19 Defense 2,773,211 2,582,324 +7 2,776,411 2,503,898 +11
16 Containers & Packaging 765,570 690,718 +11 773,532 1,803,721 -57
13 Diversified Industrials 7,205,249 7,465,492 -3 7,045,478 7,998,912 -12
47 Electrical Components & Equipment 803,351 1,254,986 -36 821,103 1,245,400 -34
29 Electronic Equipment 894,200 842,462 +6 884,918 990,485 -11
23 Commercial Vehicles & Trucks 2,258,359 2,401,988 -6 2,607,389 2,400,935 +9
29 Industrial Machinery 1,763,804 1,292,988 +36 1,765,756 1,386,795 +27
5 Delivery Services 1,399,200 1,612,433 -13 1,404,439 1,612,525 -13
4 Marine Transportation 83,054 67,866 +22 100,054 90,966 +10
5 Railroads 2,351,600 1,791,700 +31 2,351,600 1,901,700 +24
3 Transportation Services 107,530 95,508 +13 107,530 95,508 +13
17 Trucking 372,704 349,136 +7 372,581 349,136 +7
31 Business Support Services 793,719 915,785 -13 795,487 934,976 -15
15 Business Training & Employment Agencies 146,049 373,415 -61 148,109 378,022 -61
12 Financial Administration 820,820 896,071 -8 828,718 984,904 -16
8 Industrial Suppliers 389,272 355,460 +10 389,272 355,201 +10
9 Waste & Disposal Services 558,045 452,969 +23 557,441 413,224 +35
334 Total 25,076,183 26,352,434 -5 25,352,366 28,478,961 -11
Telechnology
16 Computer Services 3,051,273 3,187,140 -4 3,056,111 3,220,353 -5
7 Internet 1,468,211 1,191,796 +23 1,467,530 1,160,550 +26
75 Software 6,342,611 6,002,446 +6 6,343,091 6,001,486 +6
34 Computer Hardware 3,008,506 4,312,713 -30 3,006,234 4,331,431 -31
3 Electronic Office Equipment 280,474 284,468 -1 280,474 284,468 -1
75 Semiconductors 2,488,440 3,132,397 -21 2,389,834 3,072,986 -22
58 Telecommunications Equipment 1,876,387 2,990,715 -37 1,876,450 3,009,891 -38
268 Total 18,515,902 21,101,674 -12 18,419,724 21,081,164 -13
Telecommunications
8 Fixed Line Telecommunications 5,326,699 6,701,130 -21 5,326,699 6,701,122 -21
2 Mobile Telecommunications 99,623 87,880 +13 99,286 87,366 +14
10 Total 5,426,322 6,789,010 -20 5,425,985 6,788,488 -20
Utilities
10 Conventional Electricity 3,242,448 2,615,885 +24 3,250,542 2,664,982 +22
5 Gas Distribution 400,070 179,046 +123 400,070 179,066 +123
2 Multiutilities 171,000 175,100 -2 171,500 174,900 -2
1 Water 8,257 8,011 +3 8,257 8,011 +3
1 Alternative Electricity 49,700 38,415 +29 49,700 38,415 +29
19 Total 3,871,475 3,016,457 +28 3,880,069 3,065,374 +27
1837 GRAND TOTAL 94,717,845 165,164,951 -43 99,199,908 170,700,295 -42

Source: WSJ Market Data Group

               
Advertisements

~ by behindthematrix on November 3, 2008.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: