FYI: Minus upside surprises from the likes of Facebook (FB), Microsoft (MSFT) and Apple (AAPL), the earnings picture would look a lot more grim.
Tech is among the top sectors beating estimates for both sales and earnings per share in the most recent quarter, according to S&P Global Market Intelligence. Overall S&P 500 earnings are still in a downtrend, but the pace of decline is less than feared.
Tech is among the top sectors beating estimates for both sales and earnings per share in the most recent quarter, according to S&P Global Market Intelligence. Overall S&P 500 earnings are still in a downtrend, but the pace of decline is less than feared.
The market is rewarding stocks like Apple, which is trading above 100 for the first time since late April. But fund investors aren't exactly piling in. Technology ETFs saw net outflow of $617 million in July -- a month that saw real estate exchange traded funds rake in $1.2 billion in fresh money, according to State Street Global Advisors.
Regards,
Ted
http://www.investors.com/etfs-and-funds/etfs/top-3-tweaks-to-help-your-portfolio-soar-higher-in-the-months-ahead/
