Thursday, April 14, 2011

Another constructive close....NICE !!!!

Markets closed near unchanged levels.TAPE was constructive overall.

AH GOOG missed EPS by 3 cents while beating top line by $200 million.

Reaction to GOOG EPS miss was a decline of 5.48% in stock price.GOOG  adding 2000 employees in reporting Q......

China reported as expected hotter than consensus consumer inflation of 5.4% vs expectations of 5.2%.Chinese GDP in Q1 came in @ 9.7% vs 9.8% in Q4...this should result in further tightening....it is a mixed news with economy slowing a touch BUT CPI hotter.....market should be able to digest this news.

AH Futures Mixed

AH Asian Markets Mixed

AH Gold, Silver & Oil UP

BLOG does NOT give buy or sell.

Saleem
at

4 comments:

  1. cApril 15, 2011 at 6:56 AM

    S

    Good day sir

    Are you going to hold BIDU i got SINA too and it is tanking

    I do not know the new
    Maybe it is BAC earnings or China growth news
    FCX is also down
    JPM is green was way over sold yesterday

    best to all And good luck

    ReplyDelete
  2. Stocks100April 15, 2011 at 7:05 AM

    Hi C,

    BIDU Tanking ?

    It is down 82 cents now..which is .56%.......

    I am holding BIDU until i see profit.....

    Saleem

    ReplyDelete
  3. cApril 15, 2011 at 7:21 AM

    S

    So Sorry
    BIDU is almost $145.74

    SINA is better
    LULU is up $1

    EVEP is looking good LINE is a winner
    I am looking at CPNO
    DOW is now up $26

    Regards

    ReplyDelete
  4. Stocks100April 15, 2011 at 7:24 AM

    Hi C,

    As i wrote in my BLOG last night...market should be able to digest Chinese negativity....

    Only Nasdaq down ...thanks to GOOG.

    I am expecting strong close !!!!!

    Saleem

    ReplyDelete