A Brightening It seems as if the worst is behind us. Could an upturn be coming?

Even with all those signs pointing upward, nobody, at this point, is looking for a boom. But despite the snail-like economic recovery and the even slower revival in technology, companies are now beginning to lift earnings at a more rapid rate and/or report fewer shortfalls from expectations. Why? Be...

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Bibliographic Details
Published in:On Wall Street 2002-12, p.1
Main Author: Quickel, Stephen
Format: Article
Language:English
Subjects:
Bear markets
Economic recovery
Election results
Profits
Recessions
Securities markets
State elections
Stock exchanges
Online Access:Get full text
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Summary:Even with all those signs pointing upward, nobody, at this point, is looking for a boom. But despite the snail-like economic recovery and the even slower revival in technology, companies are now beginning to lift earnings at a more rapid rate and/or report fewer shortfalls from expectations. Why? Because many companies have made enormous cost-cuts and are emerging from the recession lean and trim. They can make more money on less sales volume. As today's halting recovery picks up speed in 2003 and 2004, the huge cost reductions and margin improvements of 2001 and 2002 will have a rubber-band effect at the bottom lines of corporate reports zinging earnings ahead at an accelerating clip, and sending stock prices soaring as well.
ISSN:1092-1370