Markets
AAPL, YHOO, and USB Up On Earnings Reports
CAT Up on Earnings Report as Market Extends Rally
Caterpillar (NYSE:CAT) is up huge this morning after it blew away analysts’ earnings estimates for the 2nd quarter. Caterpillar is an important proxy for global growth because it sells… Read more
Goldman (GS) Beats Analysts Expectations
I’m referring… Read more
Oil Drops Below $60, Weighs on Markets
Oil dropped below $60 a barrel as consumer confidence came in below expectations. The belief is that when the American consumer is not confident, he or she does not… Read more
Alcoa (NYSE:AA) An Indicator for Earnings Season?
Earnings season has begun. Alcoa (NYSE:AA) kicked things off with a report that was better than expected, even though the company lost $454 million in the second quarter. Yes,… Read more
G-8 Calls for More Stimulus Funds
Earnings Expectations Low Enough for Most Firms to Beat Them
Stocks rallied out of the hole yesterday. And the financial media, which started the day reporting that pessimism about the economic recovery was driving stocks lower, finished by saying… Read more
Where the IPO Market is Hot
And so it begins. I’m talking about earnings estimate revisions for banks. And yes, they are headed lower. First up is Morgan Stanley (NYSE: MS). Credit Suisse analyst Howard… Read more
Case-Shiller Index Decline Seen as Improvement
Talk about boring. On Monday, around 10:30 AM, the S&P 500 rose above 924. By 12:30 PM, it rose to 927.99. Ignore the first hour of trading (when the… Read more