Wow what a ride from the IPO to the latest earnings report in Facebook (FB, quote). Facebook’s earnings rocketed on 61% jump in revenue for the previous quarter. To say they crushed estimates would be an understatement not to mention it’s the 9th straight surprise beat.
China’s e-commerce giant Alibaba has filed initial public offering (IPO) document to the U.S. Securities and Exchange Commission (SEC) with plans to raise one billion U.S. dollars, according to SEC information and well-informed sources.
This recent pullback is healthy and the sector as a whole not a bubble to ‘burst’.
With the first two trading days in the bag markets look to be setting up for a lower open as traders focus on Friday’s delayed non-Farm Payroll results for October.
Welcome to Thursday’s Morning Coffee Break – As we count down the final two sessions of the week U.S. indexes are on pace for the largest weekly drop since week ending on June 1st. Will bulls be able to muster the first daily gain this week for S&P 500 and NASDAQ?
Welcome to Monday’s Morning Coffee Break – U.S. markets started the 4th quarter on uneven footing last week that somehow managed to pull off a positive week with the Dow Jones sitting at its best level since December 2007.
Traders are setting their focus on 3 key events today as U.S. market session prepares to open. U.S futures are suggesting positive open with the Dow Jones fair value up by 20.64 and the S&P 500’s fair value higher by 3.34. The NASDAQ is getting nice push higher ahead of Apple’s (APPL, [stock APPL]). Fair value for the NASDAQ is higher by 9.81.
S&P fair value is at +4.50. NASDAQ fair value is +7.00. The Dow posted it’s 11th out of 12 trading loss while the S&P 500 posted its 10th out 12 trading loss yesterday setting up the U.S. markets for
Today Facebook IPO team will be having breakfast with Boston base fund managers but they are likely to be in for a disappointment right at the start with a no show of Facebook CEO Mark Zuckerberg.
Tumi Holdings shares opened up for the first time more than 45 percent above their offer price.
