Apple makes another FRESH ALL-TIME HIGH AT $533.20. Ipad 3 is supposedly coming out next Wednesday March 7th in New York according to numerous reports.
The June CBOE VIX futures are trading at $26 and October CBOE VIX futures are at $29. Are the CBOE VIX future curves anticipating higher volatility to come?
Wednesday, keep an eye out for Bernanke’s (semi- annual testimony) speech. Also, Sweden and India reports Q4 GDP numbers. Finally, 2nd round of LTRO program in Europe to take place.
Wednesdays before the bell earnings:
Joy- Joy Global should meet or beat profits and sales expectations because it’s expanding into China’s International Mining Business. Analysts expect Joy to report $1.35 a share, up from $.96 a year ago. Revenue estimates are $1.15B for the quarter and year end revenue of $5.5B.
Liz Claiborne- Quarterly Earnings and estimates Q4E of $.10 Quarterly Revenue Q4E $477M. As of January 31st, their was a huge short float of 30%. Any good news regarding earnings could send the shorts running and the stock flying.