Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Eyes Turn to Apollo Group as Recession's Lessons Linger


Educator's earnings seen as broader economic barometer.

Minyanville Morning Memo

One to Watch: Attention shifts from New York's Apollo Theatre to Apollo Group's (APOL) earnings. The educator will come out with its third quarter results after the close. With responsible citizens sensibly striving to better themselves in an economic downturn by brandishing an additional degree -- or, less charitably, perpetual student types looking to ride/hide out the recession in ivy -- the stock is an important broader barometer. Being the sector's biggest name, Apollo should benefit from such trends but today's results may represent a high water mark as an improving economy (eventually) means more payrolls and fewer student rolls.

What Just Happened: With Boeing (BA) going decidedly down the Dow endured its first fortnightly skid since March. Concerns on the economy picked up and the thrift paradox gained ground again as our savings rate rose to a 15-year high. Interest rates, if not Ben Bernanke's blood pressure, remained unchanged. And it was a costly subway series for more than Mets fans: as of yesterday you'll have to dig deeper to go below ground in Gotham, which may not have huge inflation implications overall, but historically bodes ill for the price of a pizza.

What's Happening: After Asia ended, mixed Europe is trading up. Back to the futures here at home: After bouncing around, US equity markets are currently indicating a higher open. The dollar is gaining ground, as is oil -- as millions of Americans prepare to hit the road this week.

What Will Happen: It was doubtless an interesting Weekend at Bernie's. Madoff is enjoying his last days of freedom ahead of a sentencing hearing which starts at 10:00 AM Eastern today. No major economic releases are out, but expect earnings from H&R Block (HRB) and Cintas (CTAS).

Happenstance: Today begins a lightly traded, holiday-shortened week. Beware companies who'd bury bad news in such a scenario.
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Featured Videos