TAXES? IT WILL ONLY GET WORSE
Earnings still dominate news and stocks, but investors were a little less enthusiastic Thursday while volume was light again. Shrugged off most of the day was a poor Jobless Claims report versus a positive Empire Manufacturing number. Most companies were beating earnings estimates and the tepid response overall means much of this may be priced-in. Google reported earnings that beat estimates overall and immediately sold-off sharply. Why? Perhaps there was a “whisper number” that was much higher. Further, the CFO states they’re going to spend money in the next quarter on M&A and promotional activity. Evidently, traders don’t want...READ MORE!
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