By Jonnelle Marte
Companies aren’t saying much about their upcoming earnings reports. To some investing pros, that silence is reason for caution.
- Getty Images
The number of firms in the Standard & Poor’s 500-stock index that provided earnings guidance to investors in March was 27, the lowest ever for the month of March and just the second-lowest of any month since 2000, according to a BofA Merrill Lynch Global Research report released Monday. While the reasons for staying mum can vary, analysts say silence often means companies are uncertain about their earnings going forward. And slower growth this season, which officially kicks off Tuesday, could sink stocks, says John Lonski, chief economist for Moody’s Analytics. “The waters could get choppier for equity markets as earnings season gets underway.”
Companies typically don’t offer guidance when analyst expectations are in line with their projections, says Ed Yardeni, president of Yardeni Research. What’s troubling about the lack of guidance in March – roughly a third less than the average month — is that could mean more downward earnings revisions are on the way, according to the report. The last time guidance was this sparse was in September, “when volatility and correlations were high and visibility was murky,” BofA strategists wrote. And as earnings season gets underway, stocks may also be weighed by concerns of weaker jobs growth and worries that the European debt crisis may drag down the U.S., advisers say.
To be sure, analysts still expect first-quarter earnings for the S&P 500 to grow nearly 1% from a year ago – marking the 10th consecutive season of earnings growth. And the lowered expectations could have a silver lining, says Christine Short, an earnings analyst at S&P Capital IQ: Many companies may beat their marks and boost investor confidence. Of the 27 companies that had reported results by Monday, 81% beat expectations, compared to 52% of companies who were topping estimates at the same time last quarter, according to S&P.
And despite the hush ahead of this earnings season, analysts expect growth to pick up in the coming months. Earnings are expected to grow by 6.13% overall in 2012 and that growth could double in 2013, according to the most recent estimates from S&P Capital IQ.
In the shorter-term, however, many analysts remain cautious, and recommend investors be selective about their stock exposure. Of the nine companies that have issued guidance for the second quarter of 2012, five are negative, two are positive and two are in line, according to S&P Capital IQ. BofA recommends the technology and consumer discretionary sectors, which are likely to beat expectations because of strong upward earnings revisions in recent months and positive guidance from management. Strategists suggest investors avoid utilities and energy stocks, which are likely to miss earnings estimates because of a lack of management guidance and downward earnings revisions.
By WebOsPublisher
Ratings and reviews for The American Indian (Icons).
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Tribal times. Karl Bodmer, American Indian provides a rare and privileged look at Native American life and customs before the invention of photography. Extensive travels, from 1832 to 1834, conducted by Maximilian Prince of Wied and Swiss painter Karl Bodmer through the inner Parts of North America resulted in the publication, in 1839, of the first book to present paintings and descriptions of Native American life in skilled, painstaking detail. The sumptuous pictures reprinted here, depicting battle scenes, landscapes, portraits, and still lifes, are taken from an extremely rare, hand-colored copy of the original publication. Excerpts from Wied’s journals serve as keys to the multitude of details contained within each image, giving historical information about the rituals, clothes, and tools of the Native Americans, including well-known figures such as Mato-Tope. An introduction by anthropologist Sonja Schierle brings the book into a contemporary perspective. Since most of us will never have the opportunity to see Wied and Bodmer’s marvelous original publication, “Taschen” brings you the next best thing – a reproduction of impeccable quality and consideration, for anyone and everyone to study and enjoy.
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I changed the folder icons for my Applications and Downloads folder,but now I want to change them back to default. I tried clicking "Get Info," highlighting the icon,and deleting. I also tried
Thread Can’t change folder icons back to default… | Mac Forums – Mac News and Rumor Discussion
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Thread: Can’t change folder icons back to default…
Started 1 year, 8 months ago
by raechelli
I changed the folder icons for my Applications and Downloads folder, but now I want to change them back to default. I tried clicking "Get Info," highlighting the icon, and deleting. I also tried pressing "command+x"/cutting. Neither worked. Does anyone know how I can fix this? Or, where I can find the default icons so I can change them back? Tried searching everywhere for an answer to both, but …
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raechelli
7
user’s latest post:
Can’t change folder icons…
Published (2011-07-08 00:06:00)
Quote: Originally Posted by mccad Try unlocking the padlock at bottom of get info window. Make changes and then re lock it. ahh I tried it. Clicked padlock, typed in my password, padlock was unlocked, clicked icon, blue halo appeared, pressed "delete," and the error sound came again.
ggjstudios
2
user’s latest post:
Can’t change folder icons…
Published (2011-03-30 11:23:00)
Quote: Originally Posted by hehe299792458 Create new folder, copy the default icon, paste the icon in the same way you got the custom icon. That’s one way to do it, but if a custom icon was already added, you should be able to revert to the default icon by simply deleting the custom icon, as ECUpirate44 posted. raechelli , I’d try that again, making sure that after you click on the custom icon, it has the blue "halo"…
Gregg2
2
user’s latest post:
Can’t change folder icons…
Published (2011-07-03 07:19:00)
You "tried" to delete it. How? Get Info, highlight icon in that window, hit the delete key on your keyboard. (Sorry if you already knew that, just read the last post this time.)
mccad
2
user’s latest post:
Can’t change folder icons…
Published (2011-07-05 23:18:00)
Try unlocking the padlock at bottom of get info window. Make changes and then re lock it.
ECUpirate44
1
user’s latest post:
Can’t change folder icons…
Published (2011-03-28 09:39:00)
Go to get info, then click on the folder icon on top, then click delete.
hehe299792458
1
user’s latest post:
Can’t change folder icons…
Published (2011-03-30 08:33:00)
Quote: Originally Posted by raechelli They’re located in Finder Create new folder, copy the default icon, paste the icon in the same way you got the custom icon.
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Reply 1: Can’t change folder icons back to default…
ECUpirate44 replied 1 year, 8 months ago
Go to get info, then click on the folder icon on top, then click delete.
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Reply 2: Can’t change folder icons back to default…
ggjstudios replied 1 year, 8 months ago
Quote: Originally Posted by ECUpirate44 Go to get info, then click on the folder icon on top, then click delete. Quote: Originally Posted by raechelli I tried clicking "Get Info," highlighting the icon, and deleting. Where are the icons located that you’re trying to change? On the Dock? Desktop? Finder sidebar? Or in Finder?
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Reply 3: Can’t change folder icons back to default…
raechelli replied 1 year, 8 months ago
They’re located in Finder
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Reply 4: Can’t change folder icons back to default…
hehe299792458 replied 1 year, 8 months ago
Quote: Originally Posted by raechelli They’re located in Finder Create new folder, copy the default icon, paste the icon in the same way you got the custom icon.
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Reply 5: Can’t change folder icons back to default…
ggjstudios replied 1 year, 8 months ago
Quote: Originally Posted by hehe299792458 Create new folder, copy the default icon, paste the icon in the same way you got the custom icon. That’s one way to do it, but if a custom icon was already added, you should be able to revert to the default icon by simply deleting the custom icon, as ECUpirate44 posted. raechelli , I’d try that again, making sure that after you click on the custom icon, …
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Reply 6: Can’t change folder icons back to default…
raechelli replied 1 year, 8 months ago
I don’t have a copy of the default icon. Where can I get it? I tried highlighting it and deleting it. Nothing happens. Thanks for your help, everyone.
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Reply 7: Can’t change folder icons back to default…
Gregg2 replied 1 year, 8 months ago
You shouldn’t need a copy of the default icon. It defaults to the default. Delete the custom one.
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Reply 8: Can’t change folder icons back to default…
raechelli replied 1 year, 5 months ago
I tried deleting the custom Applications icon, but the Applications folder icon didn’t revert back to the default folder icon. It’s still the same. When you change icons, does the new/custom icon get saved somewhere else?
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Reply 9: Can’t change folder icons back to default…
Gregg2 replied 1 year, 5 months ago
You "tried" to delete it. How? Get Info, highlight icon in that window, hit the delete key on your keyboard. (Sorry if you already knew that, just read the last post this time.)
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Reply 10: Can’t change folder icons back to default…
raechelli replied 1 year, 5 months ago
Quote: Originally Posted by Gregg2 You "tried" to delete it. How? Get Info, highlight icon in that window, hit the delete key on your keyboard. (Sorry if you already knew that, just read the last post this time.) I did that. Get Info, clicked on icon so the blue halo was around it, pressed delete. When I pressed delete there was an ‘error sound.’ I also tried deleting the original .icns file of …
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A statement professing his/her curiosity of the strategist’s reasoning behind the article seems as relevant as possible. Enlightenment at least brought something to the table for discussion. If you want to discuss proper sentence construction and syntax, your argument would be better suited elsewhere.
How can you post an incomplete sentence as the very first sentence of a post? Aren’t there any editors around here?
I wonder why strategists are suggesting that the management of Technology and Consumer sectors are better than the management of energy and utilities. Interesting considering the outlandish valuations for companies that make no money (Instagram), The failure of management in Netflix, The disgusting job that Groupon’s management has done misrepresenting their financial position to investors, etc. I am short Tech and short Consumer services like Netflix and Groupon precisely because I believe that their original valuations were unjustified and hyper-inflated. I am effectively long energy and utility stocks, especially in America where I see them outperforming many of their peers in the next few years. Its unfortunate that risk is measured by the market in terms of volatility, where the real underlying risk is the incompetency of management. Innovators are innovators, and while they may be able to create great companies and products that people are willing to buy, that does not mean they know a thing about running a company, or maximizing value for shareholders. Groupon’s management cashed out at the first opportunity and the structure of their company looks more like a ponzi scheme than a legitimate corporation. What legitimate corporation uses its revenues to pay off the bottom floor first before building the stairs? Maybe for the very short term, the two sectors you mentioned might outperform Utilities and energy, but in the long run, the latter will be more efficient companies run by more experienced executives whereas the former are young and naive.