Earnings season : Alcoa, INTC, GE, JPM

AA could be the next Bethlehem Steel.

 

1/1 so far!

 

I am short puts and calls on GE so either or is okay. Within reason of course

 

INTC and JPM are weak today seemingly in response to AA miss. AA was a reality check.

 

lol you can be right on what they report but the direction that the mkt takes is the real questions. im with you on intel but i think the market sells it off even w/good numbers..you?

 

Today INTC was weak due to poor earning from AA,a rare chance to pick up some shares.picked up 10k at 20.40,will be out by thursday.

 

Any prediction on INTC's earnings?

 

30 -35 cents consensus.

 

I bought 4 units last quarter with Intel processors, that should help them beat expectations (on one of them one of the Hitachi HDD already failed, my 2 cents is... don't go for RAID configurations...)

my feeling is they will beat which will allow indices to break on the upside (ES 1160) but I will not hold any position based on this feeling, i.e. I'll be flat.

 

Galleon hedge fund founder Raj Rajaratnam says he has a hunch that INTC might miss...