Tuesday, January 27, 2009

The Kirk Report

The Kirk Report

Risk-Free Returns

Posted: 27 Jan 2009 11:08 AM CST

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Earnings Avalanche

Posted: 27 Jan 2009 07:57 AM CST

Good morning. Premarket futures are positive following many more earnings reports from companies like American Express, Texas Instruments, DuPont, Verizon, Amgen, Corning, Delta Airlines, U.S. Steel, Bristol Myers Squibb, & Siemens and many more. The general sense is that the reports this morning and last night were not as bad as expected.

Meanwhile, U.S. chain store sales declined 1.8% and Timothy Geithner won confirmation as U.S. Treasury Secretary and has vowed quick action.

Premarket gainers: CVTX, RBS, PSUN, NFLX, SLG, MCK, PL, LYG, GLBL, NM, AXP, SI, TXN, MTXX, ARMH, ZION, NOK, ALGT, FNM, QGEN, BBL, GOLD, ENR, ICLR, VZ, ROH, & CETV.

Premarket losers: GNK, WLL, SLW, CEF, FED, DOW, STEM, GERN, GLW, FLIR, AMGN, DAL, EMC, VMW, SPWRA, GSS, WLL, CEF, PUK, RRGB, TC, ASH, SLW, & ASTM.

The 2-day Fed meeting begins today and at 10:AM a report on consumer confidence will be closely watched. In addition, focus will remain on earnings and forward guidance including any additional job cut announcements today.

If we put together third straight day of gains in the S&P it will be the first time since the last week of December and the last week of November. This is no mere coincidence as the recent trend has been to see gains in the final week of the month. Have a great day!

1 comments:

Anonymous said...

COngratulations! 3 days?!?!?!