Dow,Nasdaq & S&P 500 closed @ new 09 highs....
Volume was strong in all indices...
New 52 wk high was 432 in NYSE & 242 in Nasdaq...
GS reports before open should be an easy beat......
AH Nikkei is UP 1.74%
AH Oil is UP
AH Futures are barely red.....
BLOG does NOT give buy or sell.
Saleem
SALEEM
ReplyDeleteit is so hard to please the market--GS beet big time and share price drops:
EPS $5.25 vs $1.81 a year earlier
* Sets $5.4 bln for bonuses
* On pace for more than $20 bln in bonuses this year
* Shares down 2.9 percent in premarket trading (Recasts, adds details, background, comments; updates share price)
By Steve Eder
NEW YORK, Oct 15 (Reuters) - Goldman Sachs Group Inc (GS.N) quarterly earnings nearly quadrupled, topping expectations, but its shares fell on disappointment that so much of the profit came from trading gains that might not be sustainable.
The firm stayed on pace to hand out more than $20 billion in year-end bonuses.
Stellar results by rival JPMorgan Chase & Co (JPM.N) may have prompted investors to raise the bar for Goldman, and its shares fell 2.9 percent in premarket trading.
"Goldman produced great numbers but apparently didn't live up to those heightened expectations," said Peter Jankovskis, co-chief investment officer at Oakbrook Investments.
"They're real earnings, the question is how repeatable are they," he said. "Trading gains come and go. They're genuine earnings at the time, but its not like something you rely on quarter to quarter."
The New York-based firm posted net income in the third quarter for common shareholders of $3.03 billion, or $5.25 a share. That compares with $845 million, or $1.81 per share, in the year-earlier quarter.
Analysts on average had forecast earnings of $4.24 a share, according to Thomson Reuters I/B/E/S.
Hi Madmax,
ReplyDeleteGS was @ 52 wk high..so a pullback is a buying opportunity...
GS has strong support @ $185.....
Saleem
SALEEM
ReplyDeletethanks I did not know about strong support at $185 for GD--hurray so far holding at $187.
I seems that the market is turning sour! Wow from the mother of all rallies to a sell off.
I bought some 200 shares of AUY at 12.52 Lets see
I pray that your health get better and that you put on some weight fast.
Regards my friend
Peace to all
Saleem and Standards
ReplyDeleteBDI on fire??View all Topics | View all Messages < Newer Topic | Older Topic >
BALTIC DRY INDEX UP 91 HUGE POINTS TODAY 10/15 BELOW 34 minutes ago
http://www.dryships.com/pages/report.asp
15 October 2009
Baltic Dry Index (BDI) +91 2688
Rates BCI
(Cape index)
BPI
(Panamax index)
BSI
(Supramax index)
INDEX 3979
+217
2726
-7
1890
+21
SPOT 4 TCE AVG (USD) 39426
+3073
21890
-52 19763
+223
YESTERDAY (USD) 36353
21942
19540
YEAR AGO (USD) 18400
11623 14167
Hi Madmax,
ReplyDeleteI am getting better.
I bought AUY @ open @ $12.15...it is looking strong $$$
Saleem
SAleem
ReplyDeleteEat lot of milk shakes__:) gotta get the weight back my Doctor was always telling me that during my cancer treatments--Smile..
YOU are truly the stock market guru great entry price on AUY
Hi Madmax,
ReplyDeleteI am eating fruit yogurt daily.
AUY bought 1 cent above low of the day...another lucky day for me!!!!
Markets are going GREEN $$$$
Saleem