12:40pm (EST) The bulls were struggling to keep losses in check this morning but have gathered some momentum heading into the second half of trading as they try to make up for lost ground over the past few sessions. There has been strong support at the 50-day moving averages forRead more
Fastenal (FAST) Falls Back, FOMC Minutes Due
Futures Signaling Lower Open
Futures point Towards Slow Start
Big Week For Earnings
Bulls Resume Rally
1:00pm (EST) The bulls are resuming their climb towards Dow 10,000 after getting positive earnings from Alcoa (AA, $14.54, up $0.34) and a couple of better-than-expected economic reports. The Dow added nearly 250 points on Monday and Tuesday and took a breather yesterday as it lost 6 points. Currently, the Dow is up 93 toRead more
Alcoa Turns a Profit, Pepsico Pops
9:00am (EST) Futures are pointing towards a big open at the start of today’s trading after Alcoa (AA, $14.20, up $0.31) reported a 3Q profit after the bell on Wednesday. Wall Street had expected another quarterly loss but Alcoa surprised everyone and pulled earnings of $77 million, or $0.08 aRead more
Market Lower After 2-day Rally
Costco Beats Estimates
9:00am (EST) Third-quarter earnings season “officially” kicks off when Alcoa (AA, $13.89) reports after the bell today as it is the first Dow stock to announce. We have some other notable names reporting earnings as well but their fiscal year is just ending and they are reporting 4Q earnings. For instanceRead more
Hit Me With Your Best Shot
Next Week's News
12:20pm (EST) With the weekend coming up, it’s always good to plan ahead. Alcoa (AA, $9.20, down $0.02) may have “unofficially” opened earnings season this week but as Thin Lizzy would say…The Boys are back in town, again…. Goldman Sachs (GS, $142.60, down $0.61) will “unofficially” kick off earnings forRead more