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 Pr 24.05 0.10 0.42 6,042
C Citigroup Inc. 66.00 -0.36 -0.54 14,075,511 Trade
JPM JP Morgan Chase 90.89 -0.31 -0.34 10,971,292 Trade
AXP American Express Company 85.59 0.24 0.28 3,570,375 Trade
AMZN Amazon.com Inc. 1,025.67 -3.03 -0.29 2,734,577 Trade
NFLX Netflix Inc. 188.54 4.94 2.69 9,277,448 Trade
DFS Discover Financial Services 62.53 1.16 1.89 3,646,309 Trade
CAT Caterpillar Inc. 106.59 -0.73 -0.68 4,258,115 Trade

Comments

Emerging Growth

Valuesetters Inc

Valuesetters Inc is a next generation technology company. The Company is focused in providing technologies and infrastructure-as-a-service (Iaas) to consumer through enterprise communications, entertainment, and game platforms.

Private Markets

Voleo

Voleo is a free download that allows you to form investment clubs with your friends, family, colleagues, classmates, teammates…basically anyone you know and trust. Invest and manage a stock portfolio…

MyForce, Inc.

As parents, we constantly worry about the safety of our loved ones. The media bombards us with incidents from across the nation school shootings, frequent assaults on campuses, and crimes…