Wednesday, 17 July 2013

Market outlook on Dow on Friday hinges on Google earnings: Will Google luck run out after 2 good earnings?

Dear Friends,

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.


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