Q3 Reports and Company Results

Wall Street is about to say ' Bye Bye Rally '. Today investors disappointed with BofA, GE and IBM Q3 results. These results gave investors a reason to retreat after pushing the Dow of 10.000.

Bank of America reported a third-quarter loss of 26 cents per share, which was worse than the loss of 21 cents per share. BofA also fell behind expectations on revenue, reporting $26 billion for the third quarter, compared forecast of $27.6 billion. BofA shares fell nearly %6.

General Electric reported earnings of 28 cents per share, which was higher than expected, and revenue of $37.8 billion, which was lower than forecast. Analysts had expected GE to report third-quarter EPS of 20 cents and revenue of $39.5 billion. Investors were disappointed as most of the profit gains came from cost-cutting efforts. GE's stock slipped nearly %5.

But Google's upbeat outlook provides some strength. Google said Thursday the worst of the recession has passed, as it reported quarterly profit and sales that rose from year-earlier results and easily trounced Wall Street's forecasts.

So we are looking for future and waiting situation before new year. Markets will finish rally that easy? I dont think so.

( Source : http://money.cnn.com )

Turkcell : 52 Week High

Turkcell ( NYSE:TKC ), is a provider of mobile services in Turkey, has reached 52 week high on Wall Street. Turkcell shares were about nearly $9.50 when crisis has started. But after that period, shares rebound as a result of company's strong financial position.

The biggest Turkish mobile services provider made important investments, e.g. 3G, in Turkey and user base shows slight growth. Especially Turkcell's mobile internet users increased 59% in 2 years from 12 million to 19.1 million.

( Graph by cnbc.com )

In U.S, if share reaches to 52 week high it means crisis is over and company is looking to future. Turkcell is one of a few companies which could get to this situation on Wall Street. Turkcell has 16.04B mkt cap and Div/yield 0.81/4.44.

I think investors will be interesting Turkcell shares closely also in new year.

Giants Give Profit ' a Pulse ' ?

From Bloomberg:

Goldman Sachs, JP Morgan and Intel may this quarter lead companies worldwide to the first profit increases in more than two years, ending the longest earnings recession on record.

Buoyed by finance and semiconductors, profits at the world’s biggest companies are projected to grow 63 percent in the final three months of 2009, snapping nine straight quarterly declines.

Anaylsts think profits Q4 earnings will more than double from a year ago. For the third quarter, the largest financial companies will likely report higher earnings than a year ago. Morgan Stanley is expected to post the first gain from continuing operations in a year, while Citi's operating loss is expected to shrink, according to analysts.

Analysts also expect Wal-Mart to post a 15 percent gain in fourth-quarter net income. Japan's three automakers may report lower earnings as a stronger yen offset gains from government incentives in the U.S., Europe and Japan.

So im just waiting to see if Dow could reach 10.000 till new year. But i think it will only try that last chance before second shock of markets.

Two Straight Weekly Declines Finish?

Today U.S stocks rose and rebounding from two straight weekly declines. Goldman recommended large banks and investors speculated service industries stabilized. The dollar fell versus the euro, crude oil slipped and treasuries gained.

A team of Credit Suisse Group AG strategists wrote : “Tactical indicators at current levels would normally lead us to downgrade equities, but their signals are less meaningful at this stage in the cycle.”

Microsoft' CEO Steven Ballmer said today in London the next few years will be the “best yet” for the information- technology industry. And MS shares advances to $25.

Also JPMorgan climbed 1.3 percent to $42.42. Wells Fargo gained 4.7 percent to $27.52. Goldman Sachs raised its rating on large U.S. banks to “attractive,” citing the outlook for earnings. The firm also upgraded Wells Fargo to “buy” from “neutral.”

So this week has started with shine.