Tuesday, April 19, 2005

Earnings Season

After last weeks market action, everyone was expecting earnings to be horrible. So far they're pretty good with the exception of IBM. No earnings miss for the companies in my portfolio. JNJ, PFE and BSX reported today. The market took down BSX a bit because of cautious comments by the company. JNJ and PFE both beat by a couple of cents. Next up for me is GENZ, which is scheduled to report on Thursday.

Intel and Yahoo reported good results after the bell today. With these earnings results, the market is setting itself up for a nice rally. How quick emotions change in this market...


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