8:00AM Intel (INTC, $20.91, up $0.22) meet Wall Street’s average expectations after the bell on Tuesday by announcing 1Q earnings of 25 cents a share. The company warned in early March that it wouldn’t match estimates because its profits were going to come in slightly below expectations. Analysts then loweredRead more
Intel Meets Estimates, Shares Jump
Potash Looks Strong Heading Into Earnings
Morning Minutes
Delta (DAL, $9.97, down $0.51) and Northwest (NWA, $11.27, up $0.05) announced they will merge to create the world’s largest carrier. I mentioned over the weekend that the Airline sector could eventually trade higher but needed to consolidate to offset rising jet fuel cost and other expenses. The deal betweenRead more
General Electric Gets Punished
General Electric (GE, $32.05, down $4.70) got punished Friday, falling 13% after reporting disappointing first-quarter earnings before the bell. Wall Street expected 51 cents a share and got 44 cents. There was no surprise in the sell-off, the surprise was that GE actually missed earnings. The kicker is that GERead more