Following the market opening Monday morning, the Dow traded
down 0.21 percent to 13,315.71 while the NASDAQ rose 0.12 percent
to 3,009.14. The S&P also fell, decreasing 0.22 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:
) traded up 12.44 percent to $29.11 by midday Monday, after the
company posted a significant beat in both EPS and Revenue.
) saw a boost as well, rising 17.84 percent to $64.90 after the
announcement that Toyota Industries will acquire Cascade for $65
per share this morning.
) held onto its gains midway through Monday, up 7.81 percent at
$31.48 after the company announced that it would be acquired by
Permira for $1.6 billion, or $32.00 per share.
Equities Trading DOWN
Ellie Mae (NYSE:
) fell 11.65 percent to $22.00 following a sell rating on Friday
at BWS financial.
Nielsen Holdings (NYSE:
) continued to fall, down 7.54 percent to $29.08 despite an
earnings beat Monday morning.
Magnum Hunter Resources (NYSE:
) fell 6.23 percent to $4.08 after the company announced an
accounting error on its financial statements.
In commodity news, oil traded down 0.61 percent to $89.50, while
gold traded up 0.16 percent to $1,726.80.
Silver traded up 0.19 percent Monday to $32.28.
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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