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We turn our first quarter results weighing heavily on stocks this week I season not off to the best are at -- but.
Our next guest says disaster is either so what should investors expect next week -- -- expect -- senior equity strategist joins us now from Dallas.
So not great not terrible but we're still not seeing that top line growth are we.
We're not that's the big problem in Tracy you know a 102 copies of the SP 500 have reported about 33% of the total -- -- and what we're seeing Tracey this the problem I have -- corner 61% as companies beat the very very low revenue expectations this quarter so far.
Have beat revenue expectations and by the way they're -- its expectations.
There really look so.
There's a lot this sort of digest here you know there are guys that are being but -- -- -- between.
I think what we need to be careful are those companies as big growth companies you know the Amazon's of the world once and -- have a lot of expectation built into them.
Those stocks are the ones are probably gonna keep correcting as people come the realization that you know what.
He can't squeezing more out of this out of the -- fruit you know you just can't repeat margins right now and that's that that's the danger.
And that's the thing right consumer -- not really stepped up to the -- like everyone's hoping that's not just tech in general before we get to your picks tech as a sector has been a disappointment it hasn't.
It has and what's funny is tapped out of -- everything besides Telecom as that she didn't.
The best performing in terms of beats this quarter but yeah.
Big disappointments you know I mean.
Yet -- give Google -- little bit kudos but Yahoo! again showing some weakness we're started teasing cracks in foundation Tracy is a -- -- you'd think up the market promised us a big old house.
Haven't gotten a building that house in the way of trying to make is you -- six months out in the latter half of 2013.
The market expecting 11% growth.
We have begun to build this foundation of growth yet one point 3% Brooke I really always squeezing out first set I just -- it's gonna come for.
Right where we gonna get all that from -- -- exit you mentioned -- let's start without funding women -- on apple to death it's getting killed.
It's it's probably get killed again Tracy what we're looking for is actually a miss.
On EPS at the idea earnings I'm sorry to ESP is actually negative.
Look for miss below 101000 apple but since the -- the bad so bad people might buy it in sympathy also with apple talks about the iPhone 5 that's or whatever it's called.
You might get a little bit of sympathy -- -- apple out of body panic selling it ahead of the open but if -- looking to -- it.
I would be jumping in just yet I think you're OK don't hold a protest tread lightly watch for the -- Caterpillar is like -- a real good litmus test for the global economy is an end.
Caterpillar you you're expecting a 40% drop in mining equipment purchases from China in particular that's huge.
It is huge bubble will probably see from caterpillars and it in line to biggest slightly -- for this quarter.
But Tracy is the Ford projections you know based upon that that are really -- what that's what it's gonna hurt caterpillar look for some weakness in their projections and look for the stock and lower earnings.
I love that has bad that really positive expectations can no matter how broke we are we -- kids are -- knowing you don't -- kids.
Mattel right to tell an awesome quarter and what did you think about Hasbro they've actually partnered up -- the jewelry company to do a lot has -- -- jewelry I don't know I'm going to be going out there and half.
I'm nobody like Barbie beat -- but the bottom line is it might have a little bit of a -- -- Hasbro and does that -- you wanna watch I'd be a buyer here lightly.
OK so where it back at what I get thirty seconds left the rest of earnings season you think kind of a big disappointment but does that -- still go up anyway no I I think.
We actually be -- to correct your I think the rest of earnings season will look a lot like what we've seen right now it won't be great but I think the revenue expectations -- the realization that there is no top line growth.
That's -- the markets will correct it up 5% from here and from there reevaluate what happens and Europe.
I was selling here of the marketplace overall yes -- these parting with the fifty day moving out man you gotta be careful around here.
Certainly that's and we love having you Jack Levy -- is that that come have a great weekend set back.
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