We have much earnings news to share with you this week, so we’re going to keep our opening comments brief. In general, earnings have been good, but not great. There were some positive surprises, but also some misses too. Mostly, the DI companies have been performing as we expected them to.
Wall Street is very focused on short-term results. As investors, we’re more focused on the trends. We want to know how a business is evolving and whether the change is in a positive or negative direction. Sometimes a quarterly report can be enough to give us reason to reconsider our position in a stock; more often, however, it is a trend built over several quarters that will alter our opinion.