Are they limit lock down? There's a figure where it maxes out, but I'm not sure where......Everyone may be heading for the exits at once starting today......You know what that means.
Don't shoot the messenger, I'm just reading the chart. You can rest assured CAT isn't the only company getting pummeled. This market may (finally) be setting up for a major move down, or even a crash.
In a bear market or severe market downturn/correction, 9 out of 10 stocks fall. Apple will fall as
well. There may be an initial pop with their holiday numbers this evening, but that will fade, as the smart money sells into the advance.
I didn't want to scare other posters by placing this word in the subject line, but the market is setting up for what may be a crash......These are clearly the worst earnings in 6 years, and yet the market has been at their highs.....given the earnings, the valuations are ridiculous, so I think we can all agree, look out below.....
LOL, CNBC is trying to crowd the airwaves with blizzard commentary, instead of focusing on what may be the worst corporate earnings in the past 6 years.
Dow futures now down 154.....There's nothing the Fed can do about it....Stock market highs have NOT improved the global economy, and now the US economy is faltering. Read this: US corporate profits are facing some serious headwinds the rest of the year.
CAT, P&G, MMM, MSFT, take a look in pre-market. Every Dow company has huge earnings headwinds for the year. We may finally get the long awaited correction we've been waiting for, or even a bear market. And to all you posters out there who think the ECB's print will change this, that's not the case. Europe's problems are structural, and cannot be fixed by devaluing currencies and buying sovereign debt.
The ECB print will not help Europe, and will certainly not help US stocks. All Draghi did was pacify the markets.....for now......And you don't get it.....Europe's problems are structural, and therefore this act of desperation will not help anyone, except for maybe the banks.
UTX, big Dow stock lowered their guidance just now and they're getting ripped in AH.....Microsoft, also getting hit in AH after a mediocre quarter. WW Grainger, somewhat of a proxy for the global markets, dropped 11 points or 5% today on weak quarterly results.....My question is, how in the world did the markets go up today?
I have to believe the rest of this week will feature a major sell off in all equity markets.
You may be missing my point. If you follow the company, you know there's an ongoing investigation regarding price fixing for generic products, and it's a serious Federal investigation. They can only guide their numbers based on information they have or project to have....they can't guide based on information that is not yet available, or that may be material of which they're not yet aware. If more clarity regarding the investigation develops over the coming months, then they would share that with the market, and the guidance would make more sense.
So my point is they're guiding for the year, but yet they're not sharing any information regarding the subpoenas and investigation, which tells me they don't yet know what, if anything, will happen going forward. This is the uncertainty that investors are dealing with.
Which was a great reason to sell into this pre-market move, as I just did. This company is fine in reporting their earnings and revenue, but they never update the Federal investigation and subpoenas that could radically change their numbers going forward. I was waiting for a day like today to sell.
The key will be if any move up is sustainable over the coming days. At the very least, they have to tell the
market something regarding the status of the investigation.
Take a look at Level II quotes on this stock. The bids and asks are ridiculous. I mean, who would be crazy enough to buy or short 50,000 shares of this stock for over $110,000?
And yes, the stock is up in pre-market. Why? It's all about the technical candlestick printed yesterday. Traders were expecting it to go up today, and it is (so far). It's called a self-fulfilling prophecy, which is sort of what technical analysis is. All that said, this story is a mess. This should be trading in the low $80's with this report, but of course the analysts don't want to hurt the bull market and drive a Dow stock down too far.
Yes, the market is manipulated, or rigged as some say.
Add that to the IBM mess, and if tech and financials can't lead a market higher, they will definitely lead the market lower. I'm betting the market falls big, no matter what the guy in Europe pledges tomorrow......This will be a huge sell on the Draghi news, because the US earnings reports so far are horrible. The ECB news cannot save pathetic US earnings.
Even if the futures start off higher in the pre-market, this may be the best opportunity to short your favorite stocks, or go with the leveraged VIX plays or other bearish ETF's.
"Q-1 was .56, 3 cents better than consensus of .53, revenue rose to $234.2 vs. est. of $239.5; " "For Q-2, company sees EPS of .60-.66 vs. .68 est., sees Q-2 revenues of $260-$270 million vs. $267 est., Co. issues in-line guidance for FY '15.
So they missed on revenues, they're guiding EPS below consensus and revenue about in-line, and overall in line for the entire year. I can't see how this is good at all. Muted response in AH, I guess because the liquidity is so low, not much interest yet.
JUNO isn't the only one getting pummeled this am.
That would make sense, right? Gunmen everywhere, Isis threats, Britain on high alert, someone fired a shot a Biden's house, all that would make sense. If the futures were ripping higher on no news at all, then I'd be concerned.