Stocks last week ended with little volatility but ended the week with gains. NASDAQ had some gains but still was a weak 5 days for the NASDAQ behind ups and downs from Apple and tech stocks last week. With great signs of the economy picking up, can the stocks keep up this bull run again this week?
- The stocks last week with huge earnings reports from banks were pretty mixed. Our stock of the week last week, Morgan Stanley had a great week though. Although Citi didn't have a great week. Other stocks like Intel slipped and Ebay only held slight gains. The market for the most part remained mixed from some bad earnings reports, some good earnings reports, and some decent economic reports.
- This week earnings will still be a big part of the market. The market will prepare itself for earnings reports and hopefully will have a some other news to balance out some bad earnings. On Tuesday, notable earnings reports from IBM, Texas Instruments, Verizon, Johnson & Johnson, Google, TD Ameritrade, Delta Airlines, and CSX. Unless some huge earnings report comes out from one of these companies, the company that many will be looking at to turn the markets, especially technology stocks will be Apple on Wednesday. Apple's earnings are expected to be big, but the biggest test for the worried company will be Wednesday when its earnings do come out. They should try to put the downward spiral to rest. Will they? Well Apple's products line hasn't changed too much from December, and with some decent holiday reports from retails, including Best Buy, Apple products could benefit from it. Other earnings reports you should do some research into to see if they are with investing in. The market should go up and down on these reports unless most of them are positive, then the market will have some nice gains.
- Other notable earnings reports coming out this week: Abbot Laboratories, Coach, McDonalds, Motorola, Netlfix, SanDisk, 3M, Amgen, Brunswick, AT&T, Celgene, Etrade, Microsoft, and more. With so many earnings reports this week. What do you pick out? Well Alleyway Investing likes Celgene a former stock of the week, IBM, Verizon, Google, and to watch Apple and Johnson & Johnson could be interesting.
- With the entire fiscal cliff worries and budget crisis looming over the markets, Washington voted to move the storm that could hit wall street hard, to April during tax season. This might leave you more room to investing in the time being and the market could propel higher for the short term till April, but this storm has to get handled the American way; arguments. And when it does, it won't be pretty. And so the markets could be threatened. Until then the market won't be terrible, in fact you can get some nice gains in the time being.
Futures seem to be up after Washington voted on worrying about the budget crisis in April instead of February or March. This week could be a little like the last with ups and downs from earnings reports. Some earnings reports could have more impact than others, like Apple and Google, but investing on earnings reports could be a good way to invest and rack up some gains this week. Instead of worrying about all of the earnings reports coming out, we suggest to just focus on a key few. That makes it easier for you to study the hell out those few companies and squeeze out as much gains as possible without spending days and days and days researching every company. Although the stock everyone will watch next week is Apple. Also, with housing reports continuing momentum, the economy has really been picking it up recently, and it could continue until taxes come into question in April. This week will be big for the NASDAQ and Apple but the markets could correct itself slightly Monday and then go off of earnings reports the rest of the week. Invest with confidence, invest with care.
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