A True Bounce?

The bounce. Is it back? I think we have to watch the stocks of 3M (MMM), IBM (IBM), United Technologies (UTX), AT&T (T), Starbucks (SBUX) and Amazon (AMZN) today because we need to see if they follow-through with the bounce that we have seen from disappointments.

The disappointments of the quarter may be legion, but the stock recovery after the disappointments has been terrific. We thought that JPMorgan Chase (JPM) and Wells Fargo (WFC) were disappointing at the beginning of earnings season, but they have performed just fine since their reports. Eli Lilly (LLY) was supposed to be weak after the quarter, but it has begun to bounce back well. Target (TGT) preannounced a weak quarter, then bided its time, and then went above where it was....292 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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