12:15pm (EST) Shares of Netflix (NFLX, $340.95, down $40.04) continue to defy gravity but after an initial pop at the open, shares are reversing course despite a fantastic earnings report. The company reported a profit of $0.52 a share on revenue of $1.1billion. The suit-and-ties were expecting a profit ofRead more
12:45pm (EST) Netflix (NFLX, $116.04, up $21) surprised Wall Street and the talking heads after the bell last night when they reported a better-than-expected quarter. The bar was already lowered so let’s get that out of the way but the results were impressive. The company posted a profit of $40.7Read more
1:15pm (EST) The market has traded near the flat line for much of today’s action with sentiment slightly negative. Perhaps, traders are worried over Alcoa’s (AA, $9.34) earnings after the bell which “officially” starts the 4Q earnings season. We don’t expect much from the company as an earnings miss couldRead more
9:00am (EST) The bears did a little damage on Monday as the circus in Congress continued on after the Republicans and Democrats failed to come to any sort of agreement on how to fix America’s debt crisis. The market plunged 1% on yesterday’s open but the bulls battled back throughout theRead more
12:40pm (EST) The market is moving higher after getting better-than-expected economic news this morning. The first report came out before the bell as Personal Income rose 0.4% during the month of April which matched expectations while Personal spending rose 0.4% versus expectations for a 0.5% pop. The final Consumer Sentiment SurveyRead more
9:15am (EST) The bulls regained their footing on Wednesday, thanks to the Fed, as hearing yesterday’s Beige Book report confirmed things aren’t all that rosy with the US economy which lead to speculation that another round of quantitative easing (QE2) from the central bank could be bigger than expected. Although economic activity continued to rise,Read more
