The Lato Letter: Volume 1, Issue 23.

The Lato Letter: Volume 1, Issue 23.

Just a brief note today to alert you to my appearance on Market Call Tonight at 6pm on Monday night (Aug 13th) and a follow up on this quarter’s earnings reports which are just about completed.

Overall, it was another better than expected set of results for the companies comprising the S&P 500 Index. Of the 430 S&P 500 companies that have reported, 43% reported in excess of 10% earnings growth and 65% of this group have exceeded consensus estimates.  The group of stocks that was listed in earlier issues has done even better in terms of exceeding estimates.

Here are the up-to-date results with only TD Bank left to report this month:

Date Company Estimate Actual
July 17 Goldman Sachs $1.18 $1.78
July 19 Shoppers Drug Mart $0.70 $0.71
Google $10.04 $10.12
July 24 Dupont $1.47 $1.48
Paccar $0.82 $0.83
Rogers Comm. $0.86 $0.91
Apple $10.36 $9.32
July 25 Pepsi $1.09 $1.12
Caterpillar $2.28 $2.54
July 26 United Technologies $1.41 $1.62
Aug 3 Agrium $5.20 $5.47
Aug 9 Cdn Natural Resources $0.50 $0.55
Manulife Financial -$0.45 -$0.18


Early next week, the next issue of The Lato Letter will discuss my Top Picks from Monday’s show.  Enjoy the show and I will be back to you next week.

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