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Bill Maurer
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Bill Maurer, in addition to writing for Seeking Alpha, is currently a part-time trader. Bill holds a Bachelor of Science Degree from Lehigh University, where he double majored in Finance and Accounting, with a focus on Investments and Financial Analysis. While at Lehigh, he was a Head Portfolio... More
  • Tech to lead, Financials to lag? 0 comments
    Oct 13, 2011 4:37 PM | about stocks: JPM, XLF, XLK, GOOG, AAPL, MSFT

    Tech stocks led the market today, while financials took a hit after a lackluster earnings report from JP Morgan (NYSE:JPM). The Financial Sector ETF (NYSEARCA:XLF) fell about 2.3% today, while the tech SPDR (NYSEARCA:XLK) rose about 1.1%.

    This trend could continue tomorrow as Google (NASDAQ:GOOG) reported a great quarter after the bell, sending shares up about $35 or 6.5%. This could be the first in a long line of good tech reports, and we'll hear from Apple (NASDAQ:AAPL) next Tuesday and from Microsoft (NASDAQ:MSFT) on Thursday. Most of the other major financials will report next week as well, and if the reports aren't great, look for this financial/tech divergence to continue.

    Disclosure: I am look Google through earnings into Friday. Will most likely sell out of my position then.

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