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Wednesday, April 18, 2007

Tech Stocks Down Post-Market





With the exception of INTC, which was up by $0.33 after earnings release, other major Tech stocks like YHOO, IBM and STX were all down after their earnings report post market. This latest batch of earnings does not go too well with the markets and with the Nasdaq lagging in today's action while the DOW and S&P 500 were up, we are likely to point lower tomorrow, given the extended rally in the last few days. Having said that, we have two other bell weather stocks announcing BMO tomorrow: MOT and JPM. If they release exceptionally good report cards, it may well be a different story for tomorrow.


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