Thursday, July 19, 2007

Google earnings miss

GOOG missed earnings by 3 cents and the stock is down a fair amount in after hours. With sky high expectations, any signs of an earnings slowdown could be potentially hazardous for this internet high flyer.

SNDK reported a profit decline though numbers topped analysts expectations substantially and the stock is up in after hours. Nonetheless strong earnings were already built in to the stock price and recent run up and I expect some selling tomorrow.

The Dow closed at 14,000 on the dot allowing the cheerleaders at CNBC to have a collective orgasm.

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