Netflix (NFLX), Green Mountain (GMCR) Lead S&P 500 Q4 Gainers List
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BTIG issued a review of the fourth-quarter reporting period with about 350 of S&P 500 companies having reported.
Analyst Dan Greenhaus noted that revenue growth was up 3 percent while earnings improved 10 percent. About 70 percent of companies exceeded Wall Street expectations for earnings and revenue.
Despite the gains reported, investors were concerned following conference calls and company executives largely maintained guidance, suggesting that meaningful growth wouldn't be seen anytime soon.
One metric used by Greenhaus also has shown a reversal. The analyst said stock price-to-float has shown that those with the smallest increase/decrease in public float have realized the biggest gains is stock price over the last year.
Greenhaus noted,
Below is a chart from BTIG highlighting some of the biggest gainers and losers following Q4 reports:
Analyst Dan Greenhaus noted that revenue growth was up 3 percent while earnings improved 10 percent. About 70 percent of companies exceeded Wall Street expectations for earnings and revenue.
Despite the gains reported, investors were concerned following conference calls and company executives largely maintained guidance, suggesting that meaningful growth wouldn't be seen anytime soon.
Once again though, despite some of the macro concerns related to data deterioration, numerous companies did *not* suggest there was a material slowdown in China. Indeed, several companies spoke encouragingly of China including CAT which noted a 20 percent increase in China sales,Greenhaus said.
One metric used by Greenhaus also has shown a reversal. The analyst said stock price-to-float has shown that those with the smallest increase/decrease in public float have realized the biggest gains is stock price over the last year.
For instance, names such as Michael Kors (NYSE: KORS), Mohawk Industries (NYSE: MHK), and buy-rated Facebook (Nasdaq: FB) have seen their float increase over the last 52 weeks and yet their stock prices have done much better than those in the top quintile.
Greenhaus noted,
On the revenue side, we see no reason to expect a meaningful acceleration from the low to mid-single digit rate we’ve seen of late. Revenue growth of 3 to 4 percent seems a safe bet for the first half of 2014. On the corporate side of things, preannouncements are again going to get some headlines. About 70 companies have issued guidance, 80% of which was negative.
Below is a chart from BTIG highlighting some of the biggest gainers and losers following Q4 reports:
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