October 19, 2010 by staff
BAC, U.S. stock futures were pointing to a lower open Tuesday as investors digest before the onslaught of corporate earnings. Futures were able to recover from the selloff triggered by Apple (NASDAQ: AAPL) and IBM (NYSE: IBM) announces earnings released yesterday after the bell.
Bank of America (NYSE: BAC) is trading lower in pre-market trading after the company reported its quarterly earnings report. Bank of America said the win and 0.27 & per share, well above the 0.16 per share and Wall Streetanlysts expected. Bank of America investors are clearly focused on the loss of income, as the only company declared and 26.7 billion. Themes where the banks continue their earnings are affected by the release of credit losses of their provisions, in the case of Bank of America, she said its provision for credit losses and is now 5.4 billion.
Apple (NASDAQ: AAPL) is trading lower in premarket trading to more than 4.9%; the market did not benefit Apple a positive report, because the stock was priced for perfection. A little less than the sales number IPad longer expect a decline in operating margins have been the afterhours sell-off. Until now, Apple shares have been recovering from a slight drop below the 300 mark and will be closely monitored level today.
Microsoft (NASDAQ: MSFT) is also sold in pre-market trade, with its shares near the level to 25 or lower by 2% to close Monday. Microsoft materialized sell-off yesterday after the bell, the company announced that Ray Ozzie, the software visionary who was hired to lead Microsoft’s attempt to overhaul its business for the Internet age, including cloud computing is to leave the company.
Capital One (NYSE: COF) is trading sharply higher in premarket trading with the stock of 4.11% above its close Monday. Capital One reported its quarterly earnings news release after the bell yesterday that it was better than expected. Capital One said he earns the capital and 1.79 vs. 1.13 per share and that was the consensus of Wall Street. Sales reached $ 4 billion and over 3.8 billion estimate and Wall Street.
Netflix (NASDAQ: NFLX) is trading lower in pre-market trading, as investors await its quarterly earnings report scheduled for release Wednesday after the bell. Netflix has been under pressure for the month of October as the stock corrected to 52 weeks and 175 at high current levels and 150. Wall Streetanlysts expect earnings of 0.72 per share and a turnover at 550.95 million U.S. dollars.
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