Wal-Mart Earnings
Wal-Mart is set to release its 3rd quarter earnings report before the market opens today (Thursday). The movement of the market largely depends on Wal-Mart’s earnings since a bad jobless claims report is expected and thus doesn’t affect the market as much. As long as Wal-Mart releases a good report and the jobless claims report [...]
Tagged as: competitors, Earnings, Economy, jobless claims, wal-martTrick-or-Treat?
We have seen huge swings in the stock market during the month of October. With Dow rising 800+ points in a day just to see it drop 1000+ points the next day, it is insane for many investors and traders. Gloomy economical news, earnings surprises, and the general psychological fear among investors caused all of [...]
Tagged as: 1929, 1987, black monday, dow, Earnings, fear, october, shortingMerrill Lynch Profit Warning Rumors Are Not True
It is unbelievable how the stock market had become as stocks are getting manipulated all the time by greedy brokers. When a good company releases bad earnings, stock goes down. When the same company releases good earnings but does not exceed expectations, stock goes down as well.
Today, Merrill Lynch went down more than 5% when [...]
Goldman Sachs $4.58 EPS Beats Estimates of $3.42
Goldman Sachs just reported its second quarter results this morning. The company earns $4.58 EPS which beats the concensus estimates of $3.42 by $1.16. In this volatile market and bad economy, Goldman Sachs still managed to have a strong quarter. With its wise investment strategies, Goldman Sachs is able to survive and thrive in this [...]
Tagged as: diversification, Earnings, goldman sachs, investment banks, managment, morgan stanley, volatile, writedownsMerrill, JPMorgan, Goldman Sachs
There were lots of bad news for the financial sector lately. Just few days ago, Lehman Brothers posted a quarterly loss of 2.6 billion. As a result, many stocks (especially financials) went down. Yesterday, Goldman Sachs spread rumours that there could be further writedowns when they report earnings next week, on June 17. Next week [...]
Tagged as: Earnings, financials, goldman sachs, jpmorgan, lehman brothers, market, merill, oversold, writedowns