Earnings season unofficially kicks off today, but 26 companies have already reported for the second quarter of this year. According to institutional data provider Capital IQ, here are some of the highlights so far:
During the first quarter, it seemed cyclical companies would rule the roost in 2011. How things have changed! Defensive stocks have come roaring back. Oil is well off its highs, and growth estimates are coming down in the U.S. and China. In that context, how do you want to position your portfolio?
It's been a long time since the DJIA tracked just America's smokestack economy. But today's economic rebound is being led so far by traditional manufacturers. And if you plot those Dow components as a group, you'll see they're leading the larger pack by far.