« Real Estate Investment Trusts (REITs) Like EOP Equity Office Properties Trust | Main | Life Insurance - How Much Is Enough? »

Apr12
Starmine Earnings Surprises 1st Quarter 2006
In my job we subscribe to Starmine.  I have mentioned them before in conjunction with forecasting earning surprises.  Today they came out with their list of the largest predicted earning surprises for the first quarter of 2006.

There is a theory that companies that produce positive earning surprises post better than average returns during the next period.  We will test that theory.  By their own statistics, Starmine gets the subsequent direction of stock performance right 70% of the time using their process.  We will look at 5 positive predicted surprises and 5 negative predicted surprises.  We should end up with about 7 stocks going in the direction indicated.  Under their research, you would be bullish on the positive stocks and bearish on the negative stocks.
Starmine predicts that CELL (Brightpoint Inc), CSX (CSX Corp), GILD (Gilead Sciences Inc), PD (Phelps Dodge Corp) and DRQ (Dril-Quip) should produce positive earning surprises.  Starmine predicts TSN (Tyson Foods), SNDA (Shanda Interactive Entertainment), RSH (Radio Shack Corp), EMN (Eastman Chemical Co), and FNF (Fidelity Natl Finl Inc) should produce negative earning surprises.  We will look at the earnings of these companies when they are announced to see if they give the predicted surprise, and then in one quarter we will see if those that did produce the forecast surprise performed in the direction anticipated. 

For those who are observant, Happy Passover.

0 Comments/Trackbacks




submit a trackback

TrackBack URL for this entry:

post a comment

Name, Email Address, and URL are not required fields.





Comment Preview

« Real Estate Investment Trusts (REITs) Like EOP Equity Office Properties Trust | Main | Life Insurance - How Much Is Enough? »

Advertise

Related Resources

sponsored ads



Incredible Hall of Acclaim.

subscribe


Prefer Email?
Subscribe below-

Enter your Email:


Powered by FeedBlitz What's this?

Current News

Support This Blog

business social media

Use these fast growing business social media sites to promote your business, feature your products, spotlight your business leaders, create links, and drive traffic back to your company site, all for free!

BIZZlogos - Add your logo - free link to your site
BIZZphotos - Add photos of your products and people
BIZZprofiles - Submit your profile and build your online visibility
BIZZspotlight - Spotlight your business with free links
BIZZvideos - Videos about businesses, products and business people.
BIZZbites - "Digg" for Business - Submit your articles and posts

know more media network

View Network Map

Network Feed List (OPML)

Know More Media Network
Feed


we support unitus

PRWeb

Influencer



GrowYourFunds is a member of the Know More Media network of business related blogs.

Here are some current headlines from some of our business publications:

ProductivityGoal

CallCenterScript

AdHurl

TheBizofKnowledge

LandingTheDeal

CustomersAreAlways

HealthCareVox

WebMetricsGuru

TheInsurancePolicy

MarketingBlurb