chartGood news, better news, great news…no matter how its put, the markets are still moving full steam ahead. With better earnings, positive sentiment, analyst upgrades, the markets are pull up to new levels. Monday the S&P finally pulled up above 1,000 after almost 9 months below this threshold. Ford (F) surprised many by posting great numbers on the sales front and has still better outlook on its operation. So many had assumed that American auto sectors were dead. Wrong! Its was never the sector, but the mismanagement of some greedy fools that caused the collapse of General Motors. Ford took the time to evolve and is still a strong contender on the global markets. Today the big winners included Bank of America, 3M and Lowes which are all rising on positive news and outlooks.

Here is the market summary for Monday:

I did not trade today. I am enjoying a break and traveling and finalizing some business deals that needed to be taken care of. Like a turnkey operation, my holding in (VVTV) added some more to my bottom line which is great news for myself and the people holding the stock.

Tuesday Watch:
Economic Indicators:
Personal Income
Personal Spending June
Pending Home Sales June

Earnings to Watch:
UBS
Kraft
Electronic Arts

If UBS (UBS) can post better than a loss of $0.11/share, then we can see the markets extend gains on the broader financial sector. Watch UBS if you are currently holding bank stocks to see what the sentiment is. Don’t panic on a pull back as profit taking should be expected on the current run upwards.

News:
Centex Swings To 1Q Profit On $410M Tax Gain (CTX)

Chesapeake Reports a Profit (CHK).
-This gain did help my energy stock (PCX) which was up almost 10% today.

MGM moves to 2Q loss on charges, less gambling. (MGM)

Clorox 4Q profit rises 8 pct amid cost controls (CLX)

Happy Investing!

Aman, MBA

Related posts:

  1. July Rally Continues Thanks to Earnings.
  2. Bulls Pull Late Charge to Positive Close
  3. Financials are winners Monday! + Tuesday Earnings