Monday, April 21, 2008

Apr-21 Earnings

BAC reports an ugly ER but price does not dip much. The overall market seeks a correction to 12650-12700 area, let's see if this level can be hold.

More interestingly, we have a lot of other earnings coming around. Let see some of them for today and tomorrow morning.

For today, TXN report might be positive. For tomorrow, MCD and DD would be positive as well. T might be somehow negative. This is quite FA based. If today closes red, the post-ER action would be somehow normal, which is, if it beats, the share will go up, otherwise, go down.

By the way, PTR is in good shape, as well as LFC.

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