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Jeremy Frommer, CEO of Hedge Fund LIVE Jeremy Frommer has 20 years of industry experience and is currently responsible for general management and leadership of the General Partner. Previously, Mr. Frommer was a Managing Director and Head of the Global Prime Services Group (“GPS”) at RBC Capital... More
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  • Thursday Morning Recap: More Strong Earnings Help Boost Global Indices  0 comments
    Apr 25, 2011 9:12 AM | about stocks: AAPL, GE, VZ, QCOM

     HedgeFundLIVE.comMorning Notes

    - Markets are up this morning, and again, strong earnings seem to be boosting the indices
    - Last night, AAPL and QCOM reported solid earnings
    - Some Dow stocks—MCD, VZ, GE, TRV—all beat expectations as well
    - In Europe, German IFO came in lower than expectations (only a slight miss, however)
    - UK Retail Sales came in better than expected
    - Gold continues to rally
    - Hang Seng closed up 1%, Nikkei up 80bps, Shanghai Comp up 70bps
    - Initial Jobless Claims: 403K vs. 390K; prior revised up to 416K from 412K
    - Continuing Claims: 3.695M, down from prior of 3.702M
    - Minor pullback on heels of jobless claims number
    - What’s left on economic calendar for today: Philly Fed, Leading Indicators, and FHFA Housing Price Index at 10a ET
    - Remember, U.S. market is closed tomorrow for Good Friday!

    Stocks: AAPL, GE, VZ, QCOM
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