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Tuesday, April 08, 2008

Alcoa Profit Falls On Higher Costs & Weaker Dollar

With Alcoa Inc. (NYSE: AA) having officially kicked off the earnings season on a bad footing, the S&P 500 E-mini futures is down after market (see chart above). It will be interesting to see how the market reacts to this earning season, given the challenging conditions faced by many companies on one hand, while on the other, many analysts would have probably factor in such assumptions in their valuation model.

Notable earnings: AA

Tue: Pending Home Sales, FOMC Minutes

Wed: Wholesale Inventories, Fed Chairman Bernanke speaks, Dallas Fed President Fisher speaks about U.S. economy
Notable earnings: CC, BBBY

Thurs: Trade Balance, Treasury Budget, Europe Interest Rate announcement, Fed Chairman Bernanke speaks

Fri: Michigan Sentiment, G7 meeting
Notable earnings: GE


Blogger Tony Chai said...

Hi SOT :

Analyst expected IBM to report a strong March earnings quarter next week, I wonder how IBM is going to guide forward. Let's see..

Yours Truly,

Tony Chai

5:30 PM  

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