Tuesday, October 10, 2006

Tuesday After Hours Review

I am at the meeting all day long, so I can't even do any trading during the day. Anyway the market had a good day. DOW made another new all time high again today. There is not sentiment changes even after North Korea had the nuclear weapon test. It was a non-event for the traders. Perhaps the biggest concern for the traders is "Slow" down in US economy.

With the oil price coming down, consumers are willing to spend more money because of the more disposible income from the drop in the gas pump. We should expect a good Christmas this year. Most of the trendy retailers reported good monthly sales last week. It should bode well for the market. I am also seeing money pouring into the small caps as well in the past few sessions.

Big movers after market:
Up:
(CAB), (BMC)

Down:
(AA), (AL), (DNA)

Tomorrow's Expected Earnings
Company (Symbol) Expected Last Year
Gannett (GCI) $1.11 $1.13
Infosys (INFY) $0.32 $0.25
Lam Research (LRCX) $1.02 $0.35
M&T Bank (MTB) $1.84 $1.80
Monsanto Company (MON) -$0.21 -$0.25
Progressive (PGR) $0.51 $0.39
Ruby Tuesday (RI) $0.36 $0.34
Yum! Brands (YUM) $0.75 $0.71

Today's Reported Earnings
Company (Symbol) Reported Expected Last Year
Alcoa (AA) $0.62 $0.80 $0.34
Emmis Communications (EMMS) $0.06 $0.10 $0.05
Genentech (DNA) $0.55 $0.46 $0.35

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