Markets Trusting European Leaders to Make a Deal

Scott Redler  |

Earnings season also rumbles on, and we have a slew of interesting reports due out this week. Dow component Caterpillar (CAT) is up 5.5% in the pre-market after handily topping analysts estimates. Netflix (NFLX), which confirmed Monday that it would launch in Britain and Ireland in early 2012, is due to report after the close.

The stock has been decimated after reporting a greater than expected loss in subscribership after price hikes earlier this year. Will the cancellations dramatically affect the bottom line, or is an earnings miss priced in? NFLX surged into the close Friday and is up in the pre-market, so it looks like we may see a little run into the report.

Tomorrow after the close we have Amazon.com (AMZN), which has the opportunity to emerge as a clear market leader. Big cap tech has weakened and other sectors have led the latest push in the market, but AMZN has a chance to change that. The company is expanding into new businesses, and can wrestle market leadership away from the fading AAPL.

*DISCLOSURES: Scott Redler is long SPY, XLF, QQQ

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
BIP.PR.A:CA Brookfield Infrastructure Partners L.P. Class A Preferred Limited Partnership Units Series 1 20.02 0.09 0.45 3,400
C Citigroup Inc. 55.02 -0.75 -1.34 22,839,309 Trade
AXP American Express Company 105.70 -1.00 -0.94 5,245,408 Trade
NFLX Netflix Inc. 266.84 -9.18 -3.33 9,915,319 Trade
DFS Discover Financial Services 61.82 -1.44 -2.28 2,978,367 Trade
CAT Caterpillar Inc. 126.77 0.87 0.69 4,483,281 Trade
JPM JP Morgan Chase & Co. 100.29 -0.83 -0.82 19,879,525 Trade
AMZN Amazon.com Inc. 1,591.91 -66.47 -4.01 6,367,163 Trade

Comments

Watchlist

Symbol Last Price Change % Change
AAPL

     
AMZN

     
HD

     
JPM

     
IBM

     
BA

     
WMT

     
DIS

     
XOM

     

Crypto World in Review: Taking in the Good with the Bad

A lot happened in the cryptocurrency industry this week.

Emerging Growth

Invictus MD Strategies Corp

Invictus MD Strategies Corp is focused on two main verticals within the Canadian cannabis sector under the Access to Cannabis for Medical Purposes Regulations having investment in Acreage Pharms Ltd.,…