IBM, MER, GOOG, MSFT – Reactions To Earnings
Posted on Thursday, July 17th, 2008 | In Current Market News, Stocks to WatchIBM (IBM) is putting up respectable earnings numbers. We will see if the stock moves up once the earnings are completely out.
Merrill Lynch (MER) stock moved up as much as three points, but is giving back some of those gains. If Wall Street is happy with the earnings, tomorrow might be another good day for financials, however, we are still waiting for writedown details and other pertinent details that have to do the company’s balance sheet.
Google (GOOG) is getting crushed in the after market. Revenues for the quarter are above expectations, but when you’re used to hitting home runs all the time, anything less will be seen as a disappointment. The stock is down about $58 points in after hours trading.
Microsoft is also putting out earnings that is sending the stock down in after hours. If MSFT and GOOG are down tomorrow, it won’t bode well for tech stocks.
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 About Daniel Shepard (http://www.navivest.com/blog)
Daniel Shepard is an Equity Analyst with Navivest, a stocks and options trading advisory services company that provides trading ideas on a subscription basis. |
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