Thursday, April 19, 2007
China Scare...Earnings Rule.
However, lo and behold, we managed to eek out some gains. Amazing all the futures traders and speculators couldn't crush the momentum we have going...God knows they tried early.
Oil was down over a buck today, always big news on CNBC, they forget to mention the April futures expire tomorrow the 20th, they're such pricks. Just once I'd like to see them report the damn news without blowing everything out of proportion. One day the economy is completely stalled, the next day it's high oil prices, followed by, (in no specific order), inflation, interest rates, earnings...blah, blah, blah. Apparently the sky is falling everyday over something, while these jackasses make the non-professional viewing public slip into panic mode almost daily. I wish they had some sort of repercussions for the way they manipulate the market. Pathetic really, but I digress.
Earnings was the word of the day today. All in all a pretty good earnings session, some misses...but for the most part no REAL surprises.
I'll update some specific equities on Friday night, with some picks for next week to chew on through the weekend.
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Sunday, April 15, 2007
Tax/Earnings Week.
Remember kids, if you have a position in a company that's reporting, PLEASE be careful, if the company misses earnings, you will pay dearly. Lighten your stake in companies you have questions about, if you are hands on or aggressive. This week should be mostly driven by earnings. Many, many companies are reporting, here's a partial calendar for April 16-19;
Monday, April 16
(a) Excluding non-recurring items.
(b) Calculated using current exchange rate.
(c) May not be comparable to consensus.
(d) HTLD- date tentative, co reports w/out prior notice
(e) JBHT- date tentative, co reports w/out notice
Tuesday, April 17
(a) Excluding non-recurring items.
(b) Calculated using current exchange rate.
(c) May not be comparable to consensus.
(d) PTMK- co to be aqd, may report w/out prior notice
(e) IWOV- option investigation, co to report Q1 revs only, est on pg not applicable
Wednesday, April 18
(a) Excluding non-recurring items.
(b) Calculated using current exchange rate.
(c) May not be comparable to consensus.
Thursday, April 19
(a) Excluding non-recurring items.
(b) Calculated using current exchange rate.
(c) May not be comparable to consensus.
(d) CORS- date tentative, co reports w/out prior notice
Friday, April 20
(b) Calculated using current exchange rate.
(c) May not be comparable to consensus.
(d) CORL - Delayed earnings on 4/12, says no later than April 20th.
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