Many of the largest companies report their quarterly results this week. Investors expect it to be a pivotal moment as the stocks have struggled in the past three months in part because of the growth concerns. Overall, investors expect a strong earnings season. Today IBM will report its quarterly results. Apple is scheduled to report earnings after Tuesday's closing bell. Technically, Apple is deeply overbought and we expect a mild correction after the report because expectations are too high. Intel, Microsoft and Yahoo are also scheduled to release results this week. QQQ implied volatility drifts higher.
Monday, July 18, 2011
Investors looking forward to the earnings reports
Many of the largest companies report their quarterly results this week. Investors expect it to be a pivotal moment as the stocks have struggled in the past three months in part because of the growth concerns. Overall, investors expect a strong earnings season. Today IBM will report its quarterly results. Apple is scheduled to report earnings after Tuesday's closing bell. Technically, Apple is deeply overbought and we expect a mild correction after the report because expectations are too high. Intel, Microsoft and Yahoo are also scheduled to release results this week. QQQ implied volatility drifts higher.
