Sifting Through the Earnings Rubble
It's been a trying week for technology stocks. After watching the Nasdaq Composite fall since the start of October, the index is giving back another 2% today following disappointing results from Google (GOOG), Intel (INTC), Mellanox (MLNX) and IBM (IBM), among others, this week.
It's no secret that earnings are a harried time and this week was no exception, as more than 440 companies shared their quarterly results and updated near-term outlooks. Unfortunately, the earnings velocity will only accelerate into next week as we hear from more than 1,200 companies. That combined with the latest (if not greatest) economic data will be cause for much reflection among investors and traders alike....352 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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