It is no secret that markets have been tough for everyone and on Friday, Chairman Bernanke said, ” the crisis is softening growth, raising joblessness, and the Fed‘s job is one of the most challenging in memory”. At the same time, he believes that the recent trend of the dollar will likely slow inflation. The market took that as good news and a reason to raise stocks and crush oil.
He also said that the U.S. growth would fall short of potential for a time, which will help curb inflation. That sounds like the Fed believes that companies will have their work cut out for them. In the face of a stronger dollar, exports will suffer and cause earnings to slow. So, what can we expect to see from companies reporting next week?
Stocks discussed: Sears Holdings Corporation (SHLD) Sanderson Farms (SAFM) Chico’s (CHS)
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