Read their magazine, the Lamp, most of the profit is going to 3rd world crooks and not to the investor. We are paying the islamic JIZYA through xom and other countries that have truck with the muslims
Weaker Profits Seen For Energy, Financials, Other Sectors
Six major sectors, including some of the year's best so far, are expected to show aggregate declines in first-quarter earnings.
An analysis by Standard & Poor's finds that the energy, finance, health care, industrial, information-technology and materials sectors will have year-over-year profit declines in Q1 of as much #$%$.
Most of those sectors are looking at earnings declines of 2% or less.
But financials are expected to fall nearly 4%. Much of that fall, however, is the result of changes in how S&P categorizes companies.
There is some strength in the sector, with commercial banks and real estate investment trusts expected to grow EPS 39% and 27%, respectively.
Investment banks and brokers and super-regional banks are in the top 40 of IBD's 197 industry rankings, but the two REIT groups are much further off.
In the energy patch, Standard & Poor's expects earnings to fall 5.1%, with the oil, gas and consumable-fuels group lagging the most.
"Many companies within this industry struggled with higher operating expenses and lower production volume in the latest quarter," S&P noted.
Sentiment: Strong Sell