By EconMatters We discuss a preview of January`s Earnings releases and how massive the gap down in most of these stocks will be when they report in a month. There have already been two earning`s guide downs from industrial companies this past week in UTX, and HON. But with the run up in financials and energies for the last month …
Bulls Are On Hold; Waiting For The Fed
[Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. stocks ended mixed Tuesday as investors digested a mixed batch of earnings reports and as the Federal Reserve kicked off a two-day meeting on interest rates. As you can see in the above S&P chart, stocks dropped sharply during mid-day about 0.75%, but were pushed back up since, with the Fed …
Mixed Earnings Reports Pull Stocks Lower
[Chart courtesy of MarketWatch.com] 1. Moving the Markets A hazy batch of earnings reports were the culprit for the small losses on Wall Street today. The Dow ended the day down a scant 14 points after bouncing in and out of negative territory. IBM (IBM), which is the Dow’s largest component, dragged the index down after weak hardware sales and …
Another Rumor Powers The Markets; Domestic TTI Back In Bullish Territory
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The markets continued to rally Tuesday after a big Q3 earnings report from Apple (AAPL) after the closing bell yesterday. The S&P 500 gained 1.94%, the Dow rose 1.31% and the Nasdaq led the pack rising 2.38%. Earnings reports from five Dow companies came in mixed this morning before the opening bell. …