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Thursday 15 August 2013

Stocks to Watch- Cisco, Wal-mart, JPM, Apple

Cisco's earnings beat estimates but will cut workforce due to a tough economy
Wal-mart's earnings missed estimates & reduced future expectations
Both stocks are falling
JP Morgan expects fines from authority for its "London Whaling" trading fiasco
Apple reached 500 & dropped
The whole stock market is also falling, especially after Fed expressed concerns about the economy & more bad economy news are reported
S&P 500 rebounded at 1660 but possible to drop even more
Stocks are too low, no supports or resistances to be confirmed yet

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