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
4 comments:
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
Hi C,
BIDU Tanking ?
It is down 82 cents now..which is .56%.......
I am holding BIDU until i see profit.....
Saleem
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
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
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