Tuesday, March 12, 2013

Small Business Hiring Less Than Big Corporations

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(Business Insider) The U.S. economy added 236k jobs in February and the unemployment rate fell to 7.7 percent. As slow as hiring has been, small businesses have been hiring far less than the big corporations.

From TD Securities' Millan Mulraine: Labor market underperformance: The small business sector has generally been a key source of employment growth in the US economy, accounting for close to 55% of all the private sector jobs created between mid-2003 and the beginning of the last recession. Its overall contributions has fallen dramatically in recent years, accounting for a miserly 33% of the jobs created since the economic rebound. This disappointing performance has been reflected in the massive divergence between the plans to hire sub-component of the NFIB and its composite employment counterpart.

Mulraine writes that part of the problem is limited access to credit. "Indeed, while overall credit conditions have been on the mend, access to credit has generally been identified as a sour point for small business owners," he writes. "Consequently, the proportion of businesses indicating a willingness to increase capital spending has held steady at around 20%, which is well below the 30% average prior to the recession, suggesting that credit access has remained a binding constraint for both hiring and capital spending decisions."

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Thursday, March 7, 2013

Earnings Reviews: Updated List

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Earnings Reviews To-Date

A list of the most recent earnings reviews for the following companies:

SalesForce (CRM) February 28, 2013
The Salesforce Anomaly: Record Earnings And Ongoing Losses
Why The Salesforce GAAP Vs. Non-GAAP Divergence?

HP (HPQ) February 21, 2013
HP Earnings Begin Long Journey Back

American International Group (AIG) February 21, 2013
AIG Weathers Storm Sandy, Posts Profit

MetLife (MET) February 13, 2013
MetLife Earnings: Where Do We Go From Here?

Cisco (CSCO) February 13, 2013
Cisco Earnings Beat: This Is How We Roll

Rackspace (RAX) February 12, 2013
Rackspace Earnings Disappoint On Record Results

Visa (V) February 6, 2013
Visa Earnings Push Higher

Baidu (BIDU) February 4, 2013
Baidu Earnings Disappoint: Revenues Up, Margins Down

Qualcomm (QCOM) January 30, 2013
Qualcomm Earnings: Life Is Good

Amazon (AMZN) January 29, 2013
Amazon Earnings: Cooler Heads Will Prevail

VMware (VMW) January 28, 2013
VMware Earnings: Down But Not Out

Microsoft (MSFT) January 24, 2013
Microsoft Earnings Review: Windows Saves the Quarter!

Apple (AAPL) January 23, 2013
Apple Earnings Review: EPS Misses on Record Revenues!

Google (GOOG) January 22, 2013
Google Earnings Review: Hopeful Signs in a Multi-Screen World

IBM (IBM) January 22, 2013
IBM Earnings Review and Charts

Intel (INTC) January 18, 2013
Intel Earnings Review: Decline Continues

Morgan Stanley (MS) January 18, 2013
Morgan Stanley Earnings Review: Up and Down They Go

Capital One Financial (COF) January 17, 2013
Capital One Earnings Review: Performance Slows

PNC Financial Services (PNC) January 17, 2013
PNC Earnings Review: Poised to Perform

Citigroup (C) January 17, 2013
Citigroup Earnings Review: Downtrend Reversed!

Bank of America (BAC) January 17, 2013
Bank of America Earnings Review: Limping Along

BNY Mellon (BK) January 16, 2013
BNY Mellon Earnings Review: Another Average Quarter

US Bancorp (USB) January 16, 2013
US Bancorp Earnings Review: Peaking Performance?

Goldman Sachs (GS) January 16, 2013
Goldman Sachs Earnings Review: Multi-Year High for Banksters!

JPMorgan Chase & Co. (JPM) January 16, 2013
JPMorgan Earnings Review: Strong Profits Continue

Wells Fargo (WFC) January 12, 2013
Wells Fargo Earnings Review: Raises the Bar Higher!

Oracle (ORCL) September 20, 2012
Oracle Earnings Review: EPS Strengthens, Revenues Weaken, Outlook Stable


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Tuesday, March 5, 2013

USA Consumer Sentiment Rebounds on Improved Jobs Prospects

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USA Consumer Sentiment: Thomson Reuters / University of Michigan

Confidence Improves Due to Expected Job Gains

(University of Michigan) - ANN ARBOR - Consumer confidence improved in the February survey due to more positive signs of expanding employment. When consumers were asked to describe in their own words what economic developments they had recently heard, net job gains were much more commonly reported in February than anytime since last May. The improvement in job prospects was due to a slight uptick in prospects for the national economy. Consumers are still dismayed about the state of government economic policies, with one-in-four spontaneously mentioning some negative aspect. Overall confidence in government economic policies remained near its all-time low, with just 15% who thought the Obama administration and Congress were doing a good job.

USA Consumer Sentiment by Month
Current Sentiment: 77.6 (+3.8)
Post-Recession High: 82.7 (November 2012)
Great Recession Low: 55.3 (November 2008)
Pre-Recession Peak: 96.9 (January 2007)

USA Consumer Sentiment by Year
Current Sentiment: 75.7 (-0.8)
Post-Recession High: 76.5 (2012)
Great Recession Low: 63.8 (2008)
Pre-Recession Peak: 88.6 (2005)


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