Trading Radar: Earnings Signaling Market Top?
Stay one step ahead of the rest.
So far investors have responded to earnings reports by "selling the news". This has some pundits saying that the top must be in because reaction to earnings hasn't been as strong previous quarters.
That's not saying blowout quarters haven't been greeted with buying, on Thursday night Google (GOOG) reported a stellar quarter and it traded higher by 4%.
Some companies reporting next week are: Apple (AAPL), Amazon (AMZN), Wells Fargo (WFC), Caterpillar (CAT), Yahoo! (YHOO), Morgan Stanley (MS), Potash (POT) and Microsoft (MSFT).
Monday, October 19
Before: BBT, ETN, GCI, HAS, MMR, PETS, WFT
After: ALGT, AAPL,ATHR, BMI, BSX, STLD, TXN, ZION
Bernanke at Fed Conference
DTE Analyst Meeting
Tuesday, October 20
08:30 Building Permits 590k cons.
08:30 Housing Starts 607k cons.
08:30 PPI 0.1% cons.
08:30 Core PPI 0.1%
Before: BK, BIIB, BLK, EAT, CAT, COH, KO, CMA, DD, FCFS, FRX, ITW, JEF, LMT, ITW, JEF, LXK, LMT, EDU, OXPS, PH, BTU, PFE, PNR, RF, SHW, STT, SVU, UAUA, UTX, UNH, WU
After: AMLN, CHRW, CREE, CYMI, GILD, INFN, ISRG, NBR, SNDK, SONC, SYK, SUPX, TUP, VOCS, YHOO
08:00 Charles Plosser
Fed's Warsh Moderates at Fed Conference
Wednesday, October 21
10:30 Crude Inventories
02:00 Fed's Beige Book
Before: APD, ATI, MO, BA, CNH, CAL, ELN, LLY, FCX, GENZ, KEY, KCI,NITE, LNN, MCD, MS, NTRS, NOC, PENN, PJC, STJ, SWK, USB, WFC
After: ADS, AMP, CTXS, CPTS, CLB, CVD, EBAY, EFX, WIRE, EQIX, FFIV, IRBT, NVLS, PTV, RRC, RJF, SKX, TEX, TSCO, VMW
04:30 Eric Rosengren
Thursday, October 22
08:30 Initial Claims
08:30 Continuing Claims
10:00 Leading Indicators 0.8% cons.
10:00 FHFA Housing Price Index
Before: FLWS, MMM, ALK, T, BDK, BMY, BG, CELG, DHR, DAL, DO, DOW, EXP, EMC, ESV, FITB, FCF, GR, HSY, HBAN, ESI, JNS, JBLU, KMB, LM, ERIC, MRK, NYT, NU, OXY, PM, PNC, POT, RTN, SGP, SPAR, HOT, STI, TIN, TMO, TRAD, TRV, UPS, LCC, WCC, WYE, XRX, ZMH
After: AMZN, AXP, BJRI, BRCM, BUCY, BNI, CA, COF, CAKE, CMG, CB, CYN, DECK, ELB, GDI, HITT, HOKU, IBKR, JNPR, WFR, MCHP, NFLX, NTGR, PMCS, RVBD, STMP, SYNA, SPWRA, WOFF, WDC
10:30 Eric Rosengren
01:30 William Dudley
Friday, October 23
10:00 Existing Home Sales 5.38m cons.
Before: ACO, DOV, EXC, FO, HON, IR, IVZ, FSTR, MSFT, SLB, TRO, WHR
08:30 Ben Bernanke
11:30 Donald Kohn
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.
Daily Recap Newsletter