Following the market opening Monday morning, the Dow traded
down 0.43 percent to 13,286.44 while the NASDAQ rose 0.08 percent
to 3,008.00. The S&P also fell, decreasing 0.39 percent to
As a heads up for the week, we have now entered the most busy
period of earnings season. Some significant companies that will
announce this week include Apple (NASDAQ:
), Facebook (NASDAQ:
), Amazon (NASDAQ:
), Raytheon (NYSE:
), and Sprint Nextel (NYSE:
) posted an earnings beat Monday morning, but managed to
significantly miss revenue expectations. The revenue miss has
lead some pessimist investors to credit the earnings beat to
accounting tricks, rather than good company fundamentals.
Equities Trading UP
Peabody Energy (NYSE:
) consolidated its gain towards the end of trading Monday,
remaining up 9.50 percent at $28.35, after the company posted a
significant beat in both EPS and Revenue.
) remained up as well, rising 17.85 percent to $64.91 after the
announcement that Toyota Industries will acquire Cascade for $65
per share this morning.
) held onto its gains too, up 7.81 percent at $31.46 after the
company announced that it would be acquired by Permira for $1.6
billion, or $32.00 per share.
Equities Trading DOWN
Monster Beverage Corporation (NASDAQ:
) took a beating towards the end of trading Monday, falling 14.01
percent to $45.85 after the New York Times posted a report that
speculates a link between the energy drink and 5 deaths.
The Manitowoc Company (NYSE:
) also fell, trading down 8.42 percent to $13.98 after a cut at
Longbow Research Monday morning.
Shares of Quicksilver Resources (NYSE:
) dropped 6.64 percent to $4.29, possibly linked to the BP sale
of its TNK-BP operation.
In commodity news, oil traded down 1.99 percent to $88.26, while
gold traded up 0.25 percent to $1,728.
Silver traded up 0.22 percent Monday to $32.32.
In the EU this morning, the European Commission said that the
Troika will complete technical talks on Greece within the next
few days, so be on the lookout for a major release on the EU's
strategy for the struggling Greek economy.
Following its earnings release, Caterpillar stated that some
countries may pull out of the Eurozone according to its analysis,
providing a very contradictory outlook to what European leaders
have been displaying.
There are no major economic releases for Monday.
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