Tuesday, October 17, 2006
NFX LOWERS GUIDANCE
SYK LIGHT ON REV'S
NVLS BEAT; LIGHT ON REV'S, WARNS
CNW BEAT; LIGHT ON REV'S
INTC BEAT; LOWERS CAP EX BUDGET, REAFFIRMS REV RANGE
YHOO MET; LIGHT ON REV'S, WARNS
TSS BEAT; GUIDES HIGHER
LLTC MET, WARNS
PKG BEAT, WARNS
PNFP BEAT; GUIDES HIGHER
Where do you think these earnings reports put the market. The Dow lifted from early morning lows... and I'm wondering where you think it will go from here.
Also, do you think N. Korea's jibber-jabba will change anything?
Tomorrow keep a close eye on AMD's numbers to see if INTC is regaining market share or if there is genuine growth in the pc industry.
The NVLS and MOT misses were really ugly and conventional wisdom says the market will sell off.
However, tomorrow's CPI number is likely to rule the day.
As for N. Korea:
I don't think it changes anything. But, a democratic House and Senate will. And, so far, noone is talking about it. Strange.
I learned this at least one lost fortune ago - earnings mean everything unless they mean nothing.
Broker A is correct - only the CPI number matters today - no one was expecting stellar earnings.
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