One of the heavyweights in America, Google will issue their earnings results
after market closes tomorrow. It sure will shed some light as to the
performance of the tech sector. So far, the earnings of some american companies
has not stopped the Dow from continuing going up.
After reaching an all time high, expectations will be high. I am NOT betting
that this stock will go up after earnings. In fact, I advise caution on this stock
before its earnings. Downside risk is definitely high, after climbing 150
points this quarter.I will not be surprise to see at least a 50 points drop
should it be on par or below expectations.
The EPS figure to watch out for is $9.04.