There is increasing evidence that the online advertising market is beginning to recover which should help lift Yahoo’s third quarter performance.
We are anticipating another blowout quarter from Apple that will easily exceed both Wall Street’s consensus expectations as well as the company own notoriously-conservative guidance.
The company’s portfolio of consumer products appears to be holding up quite well despite the economic challenges.
Wall Street’s estimates don’t appear to be taking into account the recent stabilization that we are seeing the economic environment. While Medtronic still faces strong headwinds, we are expecting a relatively flat sequential performance from what we saw last quarter.
While sales of Dell computers have been significantly impacted by the economic recession, we believe that IT spending is beginning to show signs of improvement.
Wall Street has taken a very negative view towards Burger King’s fourth quarter earnings results. In fact, analyst consensus estimates are below the low end of the company’s guidance range. In addition, analysts at JP Morgan and Citigroup both downgraded the fast food chain in recent weeks. Now that the bar has been set so low, we believe there is significant potential for upside surprise. ...
While Wall Street analysts are expecting Hewlett-Packard to report results at the low end of the company’s guidance range, we are taking a more bullish view and believe HPQ’s results will come in at the high end. While there’s not likely to be significant increases in IT budgets in the near term, our view is that the aggressive reductions in corporate IT budgets are over. ...
The improving employment situation appears to be making consumers more comfortable with investing in home improvement projects once again, particularly for do-it-yourself (DIY) projects. This bullish sentiment along with the increasingly positive signs that the housing markets may have bottomed are all incremental positives for Home Depot.
Looking ahead to fiscal 2010, we feel that Wall Street’s earnings estimates are too conservative.
3M’s business performance has continued to deteriorate in the face of the current global recession.
