Pre-opening Comments for Wednesday April 27th U.S. equity index futures are higher this morning. S&P 500 futures are up 4 points in pre-opening trade. Index futures continue to respond to higher than expected first quarter results, positive second quarter guidance and dividend increases. Companies reporting first quarter results overnight include Amazon.com, Canadian National Railway, Rogers [...]
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Canadian Pacific Railway (TSE:CP) – $47.69 Cdn. News event: Reported better than expected third quarter earnings Technical comment: Canadian Pacific currently has a negative intermediate technical profile. Intermediate trend is down. The stock confirmed its downtrend this morning by breaking support at $47.81. Short term momentum indictors are trending down. Strength relative to the [...]
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Stocks finished mixed today as Q3 earnings continue to be released. Of the 557 stocks analyzed, 218 advanced, 330 declined and the remaining 9 quivered in the corner by visions of what Merideth Whitney might do to them. Despite the mixed day, and the cautiousness that most investors are approaching as it relates to upcoming [...]
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