S&P500 Earnings – Q4 Update

For the 43 companies that have reported Q4 earnings, total earnings are up 7.4% on the same time last year. Revenues are up 3.3%.

At completion total S&P500 earnings are expected to be down -6.4% which would follow the -7% in the Q3.

We expect to see the strongest earnings growth in construction and autos for Q4.

A break below 3,780 in the index will be a negative sign.

Ansell – Algo Buy

Ansell is under Algo Engine buy conditions and we see support building within the $33 – $36 level.

ANN goes ex-div $0.33 on 24 Feb.

Subscribers to our Options Pro service should look at buying the Feb $34.50 calls as a leveraged exposure. For more detail on our strategy, please call 1300 614 002.