One of the biggest decliners was Apple. J.P.Morgan cut its earnings forecasts. Other tech hardware stocks retreated, including Dell, Amazon, etc. Oracle is expected to report quarterly results on March 18. WE expect more volatility next week as will be looking for clues of how the budget will affect various industries.
Sunday, March 8, 2009
Bounced back amid bargain-hunting
One of the biggest decliners was Apple. J.P.Morgan cut its earnings forecasts. Other tech hardware stocks retreated, including Dell, Amazon, etc. Oracle is expected to report quarterly results on March 18. WE expect more volatility next week as will be looking for clues of how the budget will affect various industries.
