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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (27892)	9/1/2000 1:08:38 PM
From: Johnny Canuck	Read Replies (3) \| Respond to of 69928

Market Bytes According to First Call/Thomson Financial, 487, or 97 percent, of the S&P 500 members have reported earnings for the June quarter. With the current earnings season essentially at an end, 30 percent of the reports have been positive surprises, while only four percent have reported negative surprises. Earnings for the quarter came in 21.9 percent ahead of last year's second quarter; 77 percent of these companies are above year-ago figures, while only 21 percent are below. The best-performing industry groups in terms of percentage above analysts' estimates are: utilities, 13 percent; energy, seven percent; and technology, which has bested estimates by six percent. The communications industry is the only underperforming sector, missing analysts' expectations by an average of one percent. TO READ THE WHOLE STORY, see: schaeffersresearch.com