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Alcoa (AA) second quarter earnings season begins today and strategist equity for the U.S. Chief David Bianco Bank of America Merrill Lynch (LAC) said that we are going to move from ""concern season","earnings season.""
Bianco wrote in a research note July 9:

We expect that Tech and industrials lead positive EPS surprises as business expenses and industry [manufacturing] accelerated during the second quarter. Financial profits should improve credit Bank despite weak [investment banking] deals with the volumes and mixed [mergers-acquisitions] costs decrease activity.Energy is the largest 2 q EPS métacaractère.Tandis that better refining margins and natural gas prices in the quarter are positive energy, the impact of oil spill is uncertain for energy carriers. NET, Q2 we intend to be a good quarter showing a sequential growth in sales and the [earnings per share].

According to survey of analysts Bloomberg, earnings for the standard & Poor 500 index are supposed to increased 33.2% in the second quarter of the year dernière.La more profit-119_,_8% - strong growth is expected to come from the small sector of materials, which includes manufacturers of chemicals such as Du Pont (DD) and Dow Chemical (DOW), and decision makers as US Steel (X) of steel.The telecommunications sector dominated AT & T (T) and Verizon (VZ), is supposed to turn in the performance of smaller, with gains of approximately 5.6%.
On the top line, analysts expect S & P 500 sales to 9.45% rise with energy leading the way (+ 29.73%) and financial statements ending (with revenue decline of 3.5%).
Even if the companies turn solid profits, investors problems are solved guère.Un another expert market BofA Merrill Lynch - analyst Mary Ann Bartels - technical research provides a gathering summer S & p 500.Mais, adds to a note on 12 July, "still maintain us lower lows could be achieved in the fall."
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