Positive earnings continue to lift the markets higher and the S&P traded higher for the 6th consecutive day. The S&P ended up 7,5 points and are the only major index to be in positive territory so far in 2014.
Russel 2000 is the worst index wich is down -0,6% YTD. Nasdaq is down -0,4% YTD and DOW is currently down -0,04% YTD. Netflix (NFLX) beat earnings expectations and traded up +7% yesterday. It is a buy signal in Netflix, but I will wait to see the next 4 trading sessions to be convinced.
Look out for Apple`s (AAPL) earnings report later on today. The report will released after the market close today. The report will be for the fiscal Quarter ending Mar 2014. Consensus EPS forecast for the quarter is $10,21. Up from $10,09 last year. Market cap: 473,8B. Apple Inc is the world`s largest company by market value.
Facebook (FB) will release an earnings report after the market close today. The report will be for the fiscal Quarter ending Mar 2014. Consensus EPS forecast for the quarter is $0,18. Up from $0,09 last year. That is 100%! Market cap: 121,93B.
Also Logitch International S.A (LOGI) will report earnings after market close today. The report will be for the fiscal Quarter ending Mar 2014. Consensus EPS forecast for the quarter is $0. Up from $-0,09 last year. Market cap: 2,43B.
Yum (YUM) is the owner of KFC, Pizza Hut and Taco Bell fast-food chains. The stock climbed 2% yesterday to $79. Profit rose 72 cents to 87 cents according to a statement yesterday. It was estimated 84 cents a share on average.
Their performance of its China division is strong. Operating profit grew 80% in China. The China Division opened 123 new units in the first quarter. Fast food giant McDonald`s Corp (MCD) reported a 5% drop in first quarter profit that missed analysts` estimate.
The next days are the most important of the earnings season. Many big companies are trying to beat the estimates. Will Microsoft (MSFT) beat the estimates tomorrow? They will continue supporting the Nokia X platform.
What about Google (goog)? Will they suffer from Android Open Source Project smartphones? Microsoft will probably use some of its tons of Android licensing money to undercut Google-approved Android phones.
Other earnings reports to look for: Tesla (TSLA) May 14. Ebay (EBAY) Apr 29. Twitter (TWTR) May 07. This is only a few stocks to watch out for among many other interesting U.S stocks to look for the next days and weeks.
Reports today:
9:45 a.m EST Flash Manufacturing PMI
10:00 a.m EST New Home Sales
10:30 a.m EST Crude Oil Inventories
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Ket Garden
Shiny bull 