The Kirk Report |
Better Than Expected Financials Posted: 09 Apr 2009 05:40 AM PDT Good morning. Futures are pointing to a higher open on this final trading day before Easter holiday. Top headlines include a larger than expected stimulus plan in Japan, bank stress tests aren't going as poorly as feared, Wells Fargo guides above estimates, mixed chain store sales from Wal-Mart and others, lower than expected weekly jobless claims, and a plunging trade deficit. Premarket gainers: WFC, TXT, CRME, APWR, EXM, ING, FITB, ABK, DRYS, SNDK, NU, HA, EGLE, ACAS, BKE, JASO, NM, GM, BAC, DRYS, C, ZION, CPKI, HCBK, GYMB, LTD, USB, & BIDU. Premarket losers: FAZ, SKF, HPT, ASIA, EGY, PSO, COST, EDZ, PBI, SRS, PBY, BGZ, FXP, SGR, & CRM. Other than a speech by Larry Summers to the Economic Club of Washington, there is not much on today's calendar. Much like yesterday's low volume affair, the same low volume action should continue although it is clear the focus will be killing the shorts who still remain in the financials. As for me, I'm going to go ahead and close out the week to spend with family. But, I'll be back on Monday fired up for another batch of earnings reports. Have a great Easter! |
You are subscribed to email updates from The Kirk Report To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
Inbox too full? Subscribe to the feed version of The Kirk Report in a feed reader. | |
If you prefer to unsubscribe via postal mail, write to: The Kirk Report, c/o Google, 20 W Kinzie, Chicago IL USA 60610 |
0 comments:
Post a Comment