chart So Tuesday the markets opened on a downward slope. With an initial struggle to move towards its opening levels, the markets ultimately fell negative. Yesterday after the close, a “surprise” took over the markets as Apple (APPL) posted better than expected earnings. This was a surprise? Its happened every quarter where the company uses the sand-bag strategy to be conservative on their outlook and then blow those expectations out of the water. Every quarter since I started this blog its been the same story with the company and its a big day day for those that own the stock. I remember I had this stock for a 15% gain on last earnings, if I held the stock heading into this quarter, wow..I would be one step closer to buying myself a nice little sports car. But hey, you win some, you lose some. Part of the game.

Today the markets were lower after a dip in the housing and building permit numbers. This beat the home improvement stocks as well as the home builders. Another pair, Coca-cola and Dupont both disappointed on their earnings which pull the markets low. Boeing was the worst stock after it was given a bad rating by Morgan Stanley. After the close, Yahoo (YHOO) beat earnings which is pulling futures higher for a positive Wednesday open. Lets see if it holds.

Here is the market warp for Tuesday:

Wednesday:
Crude inventories will determine the oil stock prices. The current oil prices were on a 7 day consecutive run upwards before finally retracting today. You have probably noticed the slow and steady increase at the gas stations.

Earnings wise, Boeing is set to post before the bell. The company already got a bad outlook from Morgan Stanley which could give an opportunity to buy on the expected bad news. (BA) right now is expected to post a loss of $2.12. I hope they do worse so I can jump in this stock.

(MS) Morgan Stanley is expected to post a profit of $0.32/share before the open. This could be beat which would help all the bank stocks. (WFC) Wells Fargo is also on deck before the open to post a profit of $0.35. It would be a great treat to see both beat and help my Citigroup shares move upwards again.

(EBAY) is going to post after the close Wednesday. This stock looks like a good short play for me as its currently expected to post a profit of $0.30/share. With the way the economy was, more people were probably selling possessions to make ends meet which would equate to more transactions for this company that has trimmed a lot of fat. This is just what I’m guessing. I will be watching this stock tomorrow.

News:
Yahoo profit triples for third quarter on cost cuts

SanDisk Posts 3Q Profit On Higher Sales, Margins

Gilead 3Q Net Rises 36%; Benefits From Tamiflu

Happy Investing!

Aman, MBA

Related posts:

  1. Markets Fall at the End. Thank WFC.
  2. Markets Push Upward For Third Day
  3. Earnings Boost Wednesday Markets!