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Including todays roller coaster action. Markets closed up, the dow rising 2 points, the s p gaining 0. 38 . Stocks are going up or down not because of Revenue Growth or lack thereof. Thats the simplistic way the newspapers are explaining it. Theyre going up or down because of expectations with a capital e. Often the expectations are just too great going into the quarter, or the expectations are negative enough that poor expectations should be the title of some of these Conference Calls. Take caterpillar. It reported a hideous quarter because it was the worst of times in china, the worst of times in china. Not the worst, but certainly in america. On top of, that cats management lost its optimism and started it, well, an attitude of resignation. Next year will be better. Thats the attitude that often precedes disappointing seasons in every sport, as well as disappointing numbe ....
Action. Markets closed up, the dow rising 2 points, the s p gaining 0. 38 . Stocks are going up or down not because of Revenue Growth or lack thereof. Thats the simplistic way the newspapers are explaining it. Theyre going up or down because of expectations with a capital e. Often the expectations are just too great going into the quarter, or the expectations are negative enough that poor expectations should be the title of some of these Conference Calls. Take caterpillar. It reported a hideous quarter because it was the worst of times in china, the worst of times in china. Not the worst, but certainly in america. On top of, that cats management lost its optimism and started it, well, an attitude of resignation. Next year will be better. Thats the attitude that often precedes disappointing seasons in every sport, as well as disappointing numbers in the sport we play in. This ....
Operator Good day and welcome to the B&G Foods First Quarter 2021 Earnings Call. Today s call which is being recorded is scheduled to last about one hour including remarks by B&G Foods management and the question-and-answer session. I would now like to turn the call over to Sarah Jarolem, Senior Director of Corporate Strategy and Business Development for B&G Foods. Sarah? Sarah Jarolem Senior Director of Corporate Strategy and Business Development Good afternoon and thank you for joining us. With me today are Dave Wenner, our Interim President and Chief Executive Officer; and Bruce Wacha, our Chief Financial Officer. You can access detailed financial information on the quarter in the earnings release we issued today which is available at the Investor Relations section at bgfoods.com. ....
higher earlier in the day. now, we have had some decent data, housing numbers, auto sales, retail purchasing, but the figure from the institute for supply management it forced money to flood into the market at the beginning of the day. rather than flowing out of it. breaking the awful monday tradition. and the tide did hold up for most of the session. the bullish data coupled with last night s positive news out of china, the first month to month industrial changes converted the bulls into bears and made all the difference. tonight, i want to translate this news into a context that you can understand. maybe even make some money with. because it s right at the heart of why the market keeps rallying. we began q4 like we did for the last three quarters even as so people believed in the advanced still. you hear the phrase don t fight the fed. when i first heard it 30 years ago i had no idea what it meant. fight who? isn t this a business where we look at the cold, hard numbe ....
for supply management it forced money to flood into the market at the beginning of the day. rather than flowing out of it. breaking the awful monday tradition. and the tide did hold up for most of the session. the bullish data coupled with last night s positive news out of china, the first month to month industrial changes converted the bulls into bears and made all the difference. tonight, i want to translate this news into a context that you can understand. maybe even make some money with. because it s right at the heart of why the market keeps rallying. we began q4 like we did for the last three quarters even as so people believed in the advanced still. you hear the phrase don t fight the fed. when i first heard it 30 years ago i had no idea what it meant. fight who? isn t this a business where we look at the cold, hard numbers and figure out whether the future going to be brighter and then determine how much we should pay for the earnings down the road? the answer i ....