Asia indexes are mixed and sluggish after the weak finish in
the States on Friday. Japan markets are closed for Coming of Age day when young
adults turn 20 and voting, smoking and drinking begins. Volume will pick up
when Japan trading resumes tomorrow.
The SSEC drops -1.7% with property, energy and utility
stocks moving lower. 10 new Chinese listings come to
[Text is Redacted: Purchase January 2015-01 to Read the Complete Chronology]
Q4 earnings season begins with Alcoa reporting 33 cents on EPS beating the 29 cents consensus. Top line also beats at $6.38 billion versus $6.04 billion expected. Aerospace and auto sales are expected to increase as well as overall aluminum demand. AA bounces +2% in afterhours trading to kick off earnings season on a positive note. Apparel and footwear provider WWW (Wolverine World Wide) is bitten -3% after reporting earnings.
[Text is Redacted: Purchase January 2015-01 to Read the Complete Chronology]
Q4 earnings season begins with Alcoa reporting 33 cents on EPS beating the 29 cents consensus. Top line also beats at $6.38 billion versus $6.04 billion expected. Aerospace and auto sales are expected to increase as well as overall aluminum demand. AA bounces +2% in afterhours trading to kick off earnings season on a positive note. Apparel and footwear provider WWW (Wolverine World Wide) is bitten -3% after reporting earnings.
RSH bounces +5% adding to a +3% during the regular session
on news that Salus Capital is providing funding to prop up the beaten down retailer.
SNX gains +5.4% on an earnings beat. REIT’s are hot this year but BRX drops
-1.6% after announcing a secondary (dilution).
Permabull Wharton economics professor Jermey Siegel keeps
beating the bullish drum predicting Dow 20K this year. Siegel correctly
predicted Dow 18K last year that printed in the final days of December.
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