MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, July 25, 2006 Watch Out for Falling Stocks Are falling stock prices and slowing cash inflows dimming the prospects of fund sponsors' own stocks? They are according to a recent roundup by TheStreet.com. The news service reported this week that analysts have trimmed their earnings estimates for asset management stocks because of concerns about those two areas. This week is earnings week for most fund managers, with the largest number reporting results for the second quarter either today or tomorrow. While Legg Mason and Waddell & Reed reported their results on Tuesday (Waddell & Reed also reported its settlement with Eliot Spitzer over market-timing trades in its funds) and Nuveen Investments reported last week, seven more report Wednesday and Thursday. That list includes AllianceBernstein and Calamos Asset Management today followed by Amvescap, Federated Investors, Franklin Resources, T. Rowe Price and Janus on Thursday. Equity analysts following the sector have the highest hopes for good results at T. Rowe Price, AllianceBernstein and Franklin Resources. They are the most pessimistic on Janus. Franklin has benefited investors by buying back stock, they say. Printed from: MFWire.com/story.asp?s=12320 Copyright 2006, InvestmentWires, Inc. All Rights Reserved |