Wow.. the first flakes flew around here this winter season just north of NYC. The bears tried to get the Feb natural gas contract down to $6 today, but 0nly made it to $6.145. The Feb contract itself has never traded below $6 and with all of the over supply it may still make it below eventually. Feb nat gas doesn't go off the boards until 2/26.
IBM is getting slammered (combo of slammed and hammered) on fairly heavy volume of over 2 mln shares after hours. The volume is uncommonly heavy from an NYSE listed company during after hours, almost Nasdaqian in nature and that's a red flag. Enough damage that 95 options pinnage may not be an issue tomorrow. 90 was not a pin point for AAPL today, nor was 490 for GOOG. We'll see how the conference call plays out and whether any recovery materializes. Needless to say, this is is going to stop broader market rallying prospects dead in their tracks for the time being since tech will be sidelined. The 50 day moving average on IBM is $94.94 which has already been briefly taken out during after hours trading.
Capital One (COF) down 2% after posting earnings of $1.14/shr; street was expecting $1.24.
Coldwater Creek (CWTR) up the creek again... says earnings could be as little as 16c a share in Q4 due to slow trafffic (not enough customers). Streeet had been expecting 28c.
JDS Uniphase (JDSU)is upping its Q2 rev guidance to as high as 365 mln; the street has been expecting 343 mln. The stock is up 6%.
Hey Aboott! GE is buying two Abbott Labs (ABT) Diagnostics Businesses for more than $8 bln in cash.
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