Looking Ahead to Earnings Season

June 16, 2009

stock ratings

Stock	Grade
ECA EnCana Corp.
FSLR First Solar Inc.

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The second-quarter earnings season is shaping up to better than many analysts expect. Not too long ago, the S&P 500 was forecast to have its second-quarter earnings decline by 20%. But thanks to a decaying U.S. dollar, plus some economic "green shoots," the second-quarter earnings are now expected to decline by 12%.

My favorite Blue Chip Growth stocks should post even stronger earnings. The weaker dollar will especially help us. For the first quarter, our stocks posted earnings growth of 60% compared with a decline of 35% for the S&P 500.

EnCana (ECA), which was one of my favorite Blue Chip Growth stocks, stunned Wall Street with a tremendous 82% earnings surprise. First Solar (FSLR) jumped 23% in one day when it reported outstanding earnings.

Investors should continue to focus on fundamentally superior stocks that are growing sales and earnings.

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