Trading Now

Trading Now

Thursday, July 23, 2009


Ford posts better than expected LOSSES...the operative word here is losses. F has not had a profitable quarter in 2 years, but the stock is up to $7.

AT&T posted profits but the profits are due to their Iphone deal. If you look closer they have nothing else but debt. Once they lose Apple as their cash cow, they won't have much to show for their share price of $25.30.

UPS posts okay profits but said the outlook going forward is not going to be good. They have no confidence that the activity will pick up. UPS and FDX are bellwethers on where the economy is going and both said same thing, so stock buyer beware!

*Initial Jobless Claims totaled 554k, 3k less than expected but the prior week was revised up by 2k.

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