Make or Break,Technicals and Earnings on Tap Showing this Week Means Everything
Started Jan 20 at 4:30AM (EST) (By StocksHaven)
Transmitted from http://www.themarketfinancial.com
After earnings announcements from Alcoa Inc. (NYSE:AA), Intel Corporation (NASDAQ:INTC) and JP Morgan Chase Co. (NYSE:JPM) did not live up to expectations and their stocks fell, the market is beginning to get a little nervous. We have seen the market have some recent sharp declines on these earnings, each following day it has bounced [...]
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2 Comments
Top 1%
VicthebrickV
Jan 20 at 8:14AM (EST)
Looks like more of the pixie dust is wearing off with BAC's earnings today. Futures are going down.
Credit quality and lack of new loans show little improvement in lending. Not exactly a good sign.
Top 1%
IrishTrader
Jan 20 at 11:36AM (EST)
Actually Intel more than lived up to expectations. It had a stellar quarter and the stock immediately bumped up after the earnings call. JP Morgan killed the optimism though so the next day was down in spite of Intel's good report.
Now with BAC, and yea lending trends, we could certainly see a pullback here.