Tomorrows Stock Market Potentials by NeverLossTrading

Today, July 21, 2010, 11:30 EST the stock markets point slightly down. Is it because of earnings?


Definitely not. The good thing is, we show favorable earnings from key players and revenue increases from wide spread companies like Coca-Cola, Yahoo and United Technologies. Meaning: there is people and companies out there consuming and investing, which gives us a positive rather than an negative market outlook.

See the details:

On the earnings front today, financial services firm Morgan Stanley (MS) reported second-quarter net income of $1.09 per share compared to a net loss of $1.10 per share in the year-ago period. Excluding income from discontinued operation, the firm reported net income of $0.80 per share.

Analysts expected Morgan Stanley to report earnings of $0.46 per share for the period. The company also reported net revenues for the period of $8.0 billion, above the $7.93 billion projected by Wall Street analysts for the quarter.

Wells Fargo & Company (WFC) unveiled second-quarter net income of $0.55 per share, beating estimates for $0.48 per share for the quarter. Total revenue for the latest quarter decreased 5 percent to $21.39 billion, nearly in-line with expectations for $21.4 billion for the quarter.

Coca-Cola Company (KO) reported adjusted second-quarter net income of $1.06 per share, topping forecasts for $1.03 per share for the quarter. Net revenues for the quarter came in at $8.67 billion but fell short of the $8.70 billion analysts expected.
United Technologies Corp. (UTX) revealed second quarter 2010 net income of $1.20 per share versus $1.05 per share in the same quarter last year. The results beat analyst project ions for $1.16 per share. Revenues of $13.9 billion were 5 percent above the prior year quarter and higher than the $13.56 billion projected for the quarter. The firm also lifted its 2010 earnings guidance.

After the markets closed for trading in the previous session, Apple (AAPL) said that its third quarter profit jumped 78 percent from last year, driven by strong sales of Mac computers, iPhones and iPads. The company's quarterly earnings breezed past Wall Street expectations as did its quarterly sales.


Also after the close yesterday, internet search engine Yahoo! Inc. (YHOO) said that its second-quarter profit increased 51 percent from last year, boosted by significant growth in display advertising revenue, higher margins, and lower operating expenses.