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Q3 Earnings Cheat Sheet

10/10/2010
  1. The most active earnings week is October 25 when 35% of S&P 500 Index companies report
  2. The most relevant earnings week is October 18 when 35% of S&P 500 Index market cap reports
  3. The final two weeks, November 8 & 15, are dominated by consumer discretionary
  4. The week of October 25 is dominated by energy and materials
  5. The majority of financial companies report the week of October 18
  6. The majority of technology earnings report during a two week period, October 18 & 25
  7. The earnings consensus for technology, the largest weighting in the S&P 500 Index, is to remain a market tailwind
  8. The earnings consensus for financials, the second largest weighting in the S&P 500 Index, is to remain a market headwind
  9. Consumer discretionary has provided the most earnings per share surprises so far year-to-date
  10. The overall sentiment for earnings is an anticipated shift from "tailwind surprises" to "limited growth headwinds"

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