Earnings Commentary
Source: http://briskycapital.blogspot.com/2009/10/earnings-commentary.htmlPosted on Friday, October 16th, 2009 | In Energy Markets, Investing Lessons, Market Commentary
Well, earnings season has officially kicked off. Google and IBM reported after the close yesterday. Last quarter, these two were really the drivers that kicked the summer rally into high gear. They both reported solid numbers again, but its a little different story today. Google is trading higher, but it wasn’t enough to lift stocks today. We also got results from lumbering giants Bank of America and GE, both of which weren’t taken as great. br /br /It will be interesting to see if investors continue to buy every dip, which has been the case lately. The next catalyst appears it will be economic data or just more investors gaining faith in this market as we climb the “wall of worry.” br /br /I have stocks out there I’d like to buy, but again feel many portions of this market have come too far, too fast. With earnings coming out daily, I’ll be posting more frequently, and hopefully some posts will be talking about some trading activity on my part.br /br /Have a great weekend!div class=”blogger-post-footer”img width=’1′ height=’1′ src=’https://blogger.googleusercontent.com/tracker/819581243324579563-1380393361895916605?l=briskycapital.blogspot.com’ alt=” //div
Last 5 posts by Michael E. Brisky
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 About Michael E. Brisky (http://briskycapital.blogspot.com)
Welcome to "In the Know." Here I discuss macro trends in the market, and how I think investors can profit from them. I particularly follow energy stocks and other beneficiaries of secular growth. My investing style would best be described as a hybrid. A hybrid of value and growth; of fundamental and technical analysis. I think you have to be flexible to be a successful investor, but also disciplined. |
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