Vandaag woensdag 07 april:
De markt zal zijn reactie tonen op de cijfers van 2 hoogvliegers pur sang, Genentech (DNA) en Research in Motion (RIMM). Ook Yahoo! (YHOO) komt met cijfers nabeurs. Op die eerste 2 zal er zeker reactie komen, veel beweging dus. Dell (DELL) houdt een analistenbijeenkomst vandaag.
- 17:44 ET Tuesday After Hours : prices levels vs. 4 pm ET: The extended session is underwater on the back of negative earnings pronouncements from the likes of Alcoa (AA) and Seagate Technology (STX). Presently, the S&P futures, at 1143, are 4 points below fair value, and the Nasdaq 100 futures, at 1486, are 10 points below fair value. The disappointing start to the March quarter earnings season has left a sour taste in the mouths of investors.
- Alcoa -4%: World's largest aluminum producer reports that its Q1 (Mar) EPS more than doubled to $0.40, which was actually a penny shy of the Reuters Research consensus estimate; An 11% rise in revenues to $5.70 bln was also just short of the market's expectation; Traders use the miss as a reason to take profits from the stock's 83% advance over the past year.
- Boeing (BA): Aerospace giant names Rolls-Royce and General Electric's (GE) Aircraft Engines unit as the recipients of a $40 bln contract; Companies will supply airline customers with a choice of two engines on the proposed 7E7 jetliner, Boeing's first all-new plane in a decade; This news leaves United Technologies (UTX) Pratt & Whi tney division out of the running; UTX is down 1% tonight.
- Electro Scientific (ESIO) -7%: Small-cap electronic equipment & controls company delivers a confusing Q3 (Feb) report in which a $5.8 mln tax benefit obscures the comparable EPS result; Revenues, however, rose 28% to $58.8 mln (consensus of $60.2 mln); Investors use this clear shortfall as an excuse to sell; ESIO has rallied 15% over the past 5 sessions.
- Paradyne (PDYN) +19%: Developer of broadband products issues Q1 (Mar) earnings and revenue guidance that is better than expected; Management explains 'strong demand across all market segments and product lines fueled an increase in orders .. that exceeded our business plan'.
- Seagate Tech (STX) -13%: Disk drive maker warns for Q3 (Mar), putting EPS at $0.06-0.08 versus the Street's estimate of $0.21; This is the company's 3rd warning for Q3 - the original consensus estimate was set at $0.39; Management added that problems in the mobile market could spill over into Q4 (June); Shares are down 26% since Seagate's first warning on Jan 20
Guy Boscart,