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Market Wrap-Up for Apr.26 (WHR, BLK, GS, CAT, CME TXN, more)
4/26/2010 4:08:00 PM
It was barely a mixed start for the markets on this Monday as money continues to slowly come in off the sidelines to help lift the averages.
Our main concern right now is the lack of selling happening in the markets, as we know this can not continue forever. There will likely be some "nervous hands" that will flee quickly at the early signs of trouble. We have been through a rather easy market period in a sense for investors that have not really been tested by any sort of formidable market sell-offs.
As for the action today, earnings played a key in several names we were following. Whirlpool ( WHR ) and Caterpillar ( CAT ) were running higher following strong earnings results. On the other hand, Blackrock ( BLK ) was hit hard after missing estimates by 5 cents.
Other names that did well, but finished off the intraday highs included Ingersoll-Rand ( IR ) , Bucyrus International ( BUCY ) and CME Group ( CME ) . Stocks that could not muster much buying included Goldman Sachs ( GS ) and Baxter International ( BAX ) . After the bell, we will be getting results from the likes of Texas Instruments ( TXN ) , Masco ( MAS ) , and Radio Shack ( RSH ) . Volume was fairly heavy this session, with 5.64 Billions shares traded on the NYSE and 2.33 Billion shares traded on the NASDAQ.
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