Morgan Stanley saw a 40% rise in profit on gains in stock trading and bonds as well as investment banking fees. MS is up in pre market along with the other big I-Banks.
FedEx saw an increase in quarterly profit as international shipments continue growing.Domestic shipments continue declining reflecting a slowing US economy.
AT&T maybe a bigger beneficiary from the iPhone than Apple as people switch over. Perhaps a trade might be long T and short VZ Q and S.
Blackstone is moving up its IPO date. Could this be perhaps because President Bush's Yale roommate and current Blackstone chairman Stephen A.Schwarzman has gotten the signal from his 'friends' in high places that the days of liquidity are ending soon and he needs to cash out fast ?
Stocks to Watch
GOOG AAPL RIMM AMZN SNDK MU BIDU HANS CROX MS GS YHOO GE DNA EXPE
Keep an Eye on
- Price of Gold and Silver
- Oil prices
- US dollar
- 10 year bond yield
- Yen
Pre Market stock futures are indicating a very bullish open. The 10 yr bond yield continues to ease though I feel it is nearing support at 5%. Could a second market reversal occur at this point ?
