We're getting increasingly worried about a reversal in risk aversion and close out our EURNOK short
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Month: July 2009
Intel beats estimates
INTC closed 2.06% up on expectations on the earnings to be released after regular trading today. The numbers came in favorable:
Intel Corp. said Tuesday that its second-quarter sales fell compared to the same quarter a year ago, but that business is picking up fast.
Even as revenue declined from last year, sales figures were better than what analysts had expected. Profits for the quarter were stung by a one-time fine from the European Commission.
At the time of writing INTC is up 8% in after-hours trading, a good sign for tomorrow.
Intel tops forecasts, sees sales picking up
Bullish outlook for Goldman Sachs
We're preparing for earnings from Goldman Sachs coming out before US open Tuesday. In this regard the WSJ quotes Meridith Whitney:
Whitney predicted Goldman Sachs would post second-quarter results Tuesday above Street estimates - she expects earnings of $4.65 a share, compared with the average analyst estimate of $3.48, according to a survey of analysts by Thomson Reuters. She set her 12-month price target on Goldman shares at $186.
Shares of Goldman Sachs rose 2.7% in recent trading to $145.75.