Points, s p advancing. 15 . For the next five weeks, its all about the reports from individual companies. And were up to the challenge, unusable hand, or not. Before we get to the particular stocks, lets understand the way earnings season works. As i write about in get rich carefully, which has a huge chapter on how to play the quarterly reports, how to handle this season, accompanying deliver on a trifecta of accomplishments in its quarter to ensure the stock will jump on the news. It needs to top the earnings and revenue estimates, meaning do better for the quarter than the consensus of the analysts who follow the stock. And then it has to raise guidance for both figures going forward. If you dont get better at revenues, better earnings and better guidance, you most likely wont see an increase in the stock price after the quarterly release and the Conference Call results hit the tape. Notice that i included the term Conference Call in the equation. Thats because, by far the most crit
Were still off 82 points. Its been a rough week across the board, especially for other indexes were not showing here. The russell 2000 having one of its worst weeks in some time. So, this all comes, of course, on the back of some selling weve already had this week. Its not just about the action today. The last hours going to be critical here to see whether we can stay off the lows of the day or if we head back to those lows. Theres the russell. Yeah, off 1 today. Meanwhile, lets look at some of the other markets. The nasdaq off 0. 6 . There it is. And 4,393 is the level, off 12 points. The dow is off 81, thats 0. 5 , 16,904. And off nine points. Joining our closing bell exchange, doug cote, jim lowell, charlie blel, Quincy Krosby from prudential and we have Michelle Carusocabrera and rick santelli. Michelle, when we all got up this morning, things looked bleak. There were concerns about this big Portuguese Bank, but now things look like theyre settling down a little bit. What was the s
Fargo. Results matching estimates, citing improvements in the economy, especially housing. As i reported last week, loralar confirming they are in merger talks, a deal could be monday. In the wake of the session, icahns reportedly promoting caution. Nadella promises change is coming to microsoft. Wells fargo recorded profit of 1. 01, in line, and john stump says the results reflect quality driven by an improven economy especially in the Housing Market and cited the banks continued risk discipline among the big met trirics and that fell again quarter on quarter as banks are squeezed by low rates, but mortgage originations up quarter on quarter, nothing like last year. 11 billion quarter to quarter increase in mortgage originations, 1. 1 trillion dollar deposits. That took my breath away. 1. 1 trillion. You see that number, and first thing you think, okay, did they put the number of 0s correctly . Thats why its not considered to be up to snuff. They have too much money. We all wish we ha
Hy was going to say it was the sea of red ink, it is more a pond. There are some greens in there. Not entirely bad news but we had negative news on china trade and Japanese Investment. Of Portuguese Bank is shaky and money printing will come to an end in october. Although negatives contributing to a loss on the dow but it is not that big, 80 points down, that is 1 2 . There are some significant losers among those 30 dow stocks. Home depot 90, goldman, they are all down approximately 1 . That is not a huge selloff but moved to lumber liquidators, that is a huge loser. That cut its outlook down 22 and along comes home depot and several housing stocks down in sympathy with lumber liquidators. Time for the housing sector. The s p 500 was down more than 1 . It is down less than 1 2 . Going the other way the price of gold, the rally continues, we are at 1339, that is a 14 per ounce gain this morning but look at this, this is the Interest Rate barometer. Look at the yield, 2. 51 , that is a s
More culturabley sensitive. Complete bay Area Coverage starts right now, this is ktvu channel 22 news at noon. Good afternoon, i am tori campbell, a horrific accident on highway 17 involve inch 10 vehicles hawes shut down the northbound lanes and it looks like it will stay that way for most of the day, 1 person is dead, multiple people injured, janine de la vega joins us live from the Santa Cruz Mountains to tell us how the accident happened and how the chp is hammink traffic, good afternoon, janine. Reporter a lut with the c p p described the scene out here like a war zone, we are here in the northbound lanes of highway 17 near bear creek road, which is shut down. And if you look here it is awful. Cars are in half, they are mangled, 1 is upside down, and it looks like a crushed up mental ball, the big rig that plowed into everyone is in the middle of it. The accident happened just before 8 00 this morning, 10 vehicles 11 vehicles are involved, including the big rig that witnesses say