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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (30534)	1/24/2000 10:16:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

<<So far, this earnings season has very surprising. In total, S&P 500 companies are reporting earnings that are 7.2 percent above expectations. Meanwhile, technology companies have surpassed earnings estimates by 9 percent. Only 42 percent of the tech companies in the S&P 500 have reported quarterly results so far, and yet to come are some big ones, like Dell and Cisco. But it's a safe bet that tech will post a cumulative upside surprise that's higher than the rate for the S&P 500. In the third quarter, tech earnings were 5 percent above estimates. "Technology tends to post some of the biggest upside surprises," says First Call research analyst Anthony Crooks. This does make a difference for the stocks, Crooks tells Upside Today, because the companies that have consistently surpassed analysts' estimates by more than 2.7 percent (the S&P 500 average) have had the best-performing stocks. >>