chartTuesday markets closed with modest gains on the markets. With earnings season up and running, some of the financial stocks were in the spotlight and all have shined. (GS) Goldman Sachs posted monster earnings while retail sales kept the mood mellow as their disappointed. A few notable computer companies, Dell (DELL) said that their sales would be weak from the recession and cheaper computer prices which are squeezing margins while SUN Microsystems (JAVA) said that has warned that their profits will not be making investors happy.

On Tuesday, pending the earnings report, I bought into Intel (INTC) on some reading that I did on the company. Good to hear that after the close, the stock shot up after the positive news and outlook was announced. The company beat the expectations that were out there. I managed to get into (INTC) for 250 shares at $16.50. This was a small investment compared to my previous earnings season entries but with some cash stuck in another stock, I tried to play safe and generate some income. I was planning on selling during after-hours, but will just dump my position at the open.

Here is the market summary video for Tuesday:

Wednesday:
Economic Indicators:
CPI (June)
Industrial Production/Capacity Utilization (June)
Business Inventories (May)

Crude inventories (week ended July 10)
FOMC Minutes from the June 23-24 meeting

Earnings Worth Watching – Wednesday
(ABT) Abbott Laboratories ($0.88)
(AMR) AMR Corp. (($1.20))
(CJR) Corus Entertainment Inc. ($0.38)
(PJC) Piper Jaffray Companies ($0.13)
(SUBK) Suffolk Bancorp
(ALNC) ALLIANCE FINANICAL CP ($0.23)
(FSBI) FIDELITY BANCORP INC
(XLNX) Xilinx Inc. ($0.20)

News:
Yum Brands profit jumps in 2Q. (YUM)

Janus CEO Resigns; 2Q Profit Falls 76%; To Sell Stock. (JNS)

Altera 2Q Net Down 52% On Lower Margins. (ALTR).

Happy Investing!

Aman, MBA

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  1. Modest Gains and Better Earnings.
  2. Markets Rally Tuesday With More Than 1% Gains
  3. Financials are winners Monday! + Tuesday Earnings