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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (14377)	4/9/2004 2:12:44 AM
From: Donald Wennerstrom	Read Replies (1) \| Respond to of 95757

Here is one view of the action set for next week from CNN/Money. money.cnn.com <<7 that matter, 1 that doesn't The first-quarter earnings reporting period continues next week, and results should be smokin' April 8, 2004: 5:04 PM EDT By Paul La Monica and Alexandra Twin, CNN/Money Staff Writers NEW YORK (CNN/Money) - There were scattered showers this week, but next week, the earnings pour. And boy are they expected to be strong. Current estimates call for S&P 500 earnings to have risen nearly 17 percent in the first-quarter, but market analysts say the actual number is likely to be even higher. Judging by the lack of negative pre-announcements, signs that the economic recovery may be heating up again and the fact that reported earnings have in recent quarters topped expectations -- actual first-quarter earnings are likely to show growth of at least 20 percent from a year earlier. That would make this the best first-quarter in four years, and the third quarter in a row that the S&P 500 registers year-over-year earnings growth of at least 20 percent, according to First Call research. Earnings grew 21 percent in the third quarter and 28 percent in the fourth. Companies and sectors that stand to benefit from the growing economy are expected to lead the charge, with basic materials, technology and financials among the industries that are seen leading the advance. The week ahead brings a bevy of financial and technology companies' reports, as well as news from a few telecoms, airlines, healthcare and media companies. Some market watchers think the robust earnings will spark a new April rally. Others worry that strong earnings are already baked into the market, and that with standards so high, companies that beat will be met with indifference unless they are extra bullish. They worry that those that meet, miss or warn will have to face the wrath of testy investors, as Nokia did when it warned this week. Earnings that matter: Gannett; Johnson & Johnson; Intel; Bank of America, Citigroup; IBM; Nokia.>>