Friday, March 12, 2010

The Proficient Investor

Stock Market News, Contrarian Investing, Stock Picks

Netflix Beats, Market Responds

Posted by James Wilcox On October - 23 - 2007
Netflix reported Q3 2007 earnings that beat analyst estimates by 8 cents.  The stock rallied early at $25.05 in intraday trading.

While other financials are still experiencing problems, the brokers seem to be doing fine.  Ameritrade (AMTD) is up 18 cents at $19.30 in intraday trading while Goldman Sachs (GS) is up 52 cents at $222.70.  Consumer staple Coca Cola (KO) is up 26 cents at $59.51 just off the52 week high set last week.

Computer maker Dell is up 21 cents in intraday trading after announcing yesterday they would begin selling their systems in Staples stores in the US while Staples was down 48 cents at $21.80.

Apple continues to set a new high every day it seems.  The stock was up $11.25 in intraday trading at 185.61 on 45 million shares volume.  If you haven’t already picked up Apple (AAPL) it isn’t too late, as I think this stock goes to 200 and from there to 250.  I’ll put it this way, Apple could be the next Google.

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