The Earnings Blues

[tsptalk]

IBM is selling off after the close today after beating earnings estimates. This 'sell the news' reaction has been the theme for this stock for quite some time (at least the last 5 quarters). Unfortunately, the market tends to follow. Let's see if dip buyers can break the cycle.

 

[tsptalk]

Apple is also off $22 a share after reporting decent earnings. Selling the news.

 

[Birchtree]

The stock was up essentially ten days in a row - a little profit taking is healthy. I don't believe it will impact the market for tomorrow.