Special Report
The Yahoo Effect
This could be the start of something big (market-wise).
(Page 2 of 2)
So when Yahoo kicked off the fall earnings season with buying on the news, that’s news. When multiple brokerages issued upgrades on Yahoo on Thursday as the stock climbed, that’s news, too. Once again, as I write, on Friday, the indexes are mostly flat, half the stocks up, half down, almost none of them by very much, as the stock market, like an anaconda, digests the big juicy meal it swallowed yesterday. That’s another encouraging sign. Too often big days have been followed by nasty days.
We can’t quite bask in the sunshine yet. But watch the next two weeks. Upcoming earnings announcements include those of Tractor Supply Company, Lexar Media, American Movil, Amazon.com, eBay, Boston Scientific, and Nam Tai Electronics. Amazon, Boston Scientific, and eBay all announce on or near the same day, October 22.
Super Wednesday? We’ll see.
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