A Mixed Batch Of Earnings Reports at 2008-07-28 12:07:51
Good morning. A mixed batch of earnings reports and another drop in oil prices are in focus this Friday morning. We have no fresh economic data to consider beyond earnings.
Premarket gainers: FNM, FRE, UAUA, C, MDVN, G, ACO, BRL, HON, COGO, SIRI, PNCL, WTS, CBST, SMA, SWKS, MAT, TPX, BCS, SPWR, GENC, FCSX, GDP, WB, WM, VSE, ALU, GSK, PCX, CS, & SNY.
Premarket losers: GOOG, ESLR, GILD, SGLP, AMD, AWK, ALO, TSL, WIT, CSGS, MAN, AMZN, RNWK, MSFT, MER, INDB, TEVA, BXS, GOLD, & ARTG.
Today's task frankly is simply to maintain the bulk of this week's gains and to work off some of the short-term overbought condition following this week's turnaround. We'll probably see some choppy trading activity today along with the typical rumor-driven trading we tend to see on all Fridays during the summer trading season. Have a great Friday (and even better weekend)!
* I'm making steady progress on the move (packing, getting rid of junk, showing our home to prospective buyers, etc.) which should allow more time for me to post next week. As always, I appreciate your patience during this transition.
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