Friday Morning Radio Spot
Rallying - Google is pushing up the technology sector, rising over 10% after reporting better-than-expected earnings. Financials in Canada are showing some strength
Reversing - Stocks jumped at the start of trading today on encouraging words from Ben Bernanke about more stimulus but they have since pulled back. Weighing on US markets are financials. Investor are concerned about the impact of the current foreclosure mess. In addition, consumer confidence numbers came in lower than expected.
Trading Opportunity - Next week is a busy week for earnings releases so investors will likely be focussed on that vs economic indicators. Since April earnings have been revised downward by 20%. I guess the question is whether earnings will surprise up or down. Look for earnings to drive markets over the next couple of weeks. For more details call me at 868-5525 or visit yourlifeyourplan.ca
Reversing - Stocks jumped at the start of trading today on encouraging words from Ben Bernanke about more stimulus but they have since pulled back. Weighing on US markets are financials. Investor are concerned about the impact of the current foreclosure mess. In addition, consumer confidence numbers came in lower than expected.
Trading Opportunity - Next week is a busy week for earnings releases so investors will likely be focussed on that vs economic indicators. Since April earnings have been revised downward by 20%. I guess the question is whether earnings will surprise up or down. Look for earnings to drive markets over the next couple of weeks. For more details call me at 868-5525 or visit yourlifeyourplan.ca
posted by David Allard at
6:24 PM
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