Tuesday, January 12, 2010

Earnings Reports 1.0

I'll be updating the earnings reports that come out on our holdings. We'll try to keep it simple with a meet, beat, or miss notation.

At the same time, there will be other crosscurrents that are of a more macro nature, or noise that may be created by earnings reports from companies we do not own, that are driving the market.

I'll try to put it all in an easy to digest scorecard.

Our first reporting company is Infosys (INFY), the Indian tech outsourcing company.   They beat on top line and bottom line and guided up. :)

So the current score is 1+/0 neutral/0 negative.

At the same time, the markets are being pressured by the sloppy numbers reported last night from Alcoa (AA).  That will be the negative story driving the market today, but as more earnings come in, we'll get a better sense of what the direction this year may be.

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