Following the market opening Monday morning, the Dow traded up
0.11 percent to 13,357.57 while the NASDAQ rose 0.36 percent to
3,016.35. The S&P also rose, increasing 0.12 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 12.55 percent to $29.14 Monday morning, after the
company posted a significant beat in both EPS and Revenue.
) also saw a boost Monday morning, rising 7.88 percent to $31.48
after the company announced that it would be acquired by Permira
for $1.6 billion, or $32.00 per share.
Shares Arch Coal (NYSE:
) traded up as well, increasing 8.47 percent to $8.58, possibly
linked to the Peabody Energy rally.
Equities Trading DOWN
) fell 5.75 percent to $23.94 following investor fears that its
takeover deal with CNOOC may be blocked.
Nielsen Holdings (NYSE:
) also fell, down 5.04 percent to $29.87 despite an earnings beat
V.F. Corporation (NYSE:
) traded down 4.15 percent to $159.85 despite an earnings beat
Monday morning and positive fiscal year forecast.
In commodity news, oil traded down 0.01 percent to $90.04, while
gold traded up 0.21 percent to $1,727.70.
Silver traded down 0.84 percent Monday to $32.40.
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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