The few stocks related to earnings that i looked at a few minutes ago are bucking the the gloom and doom of the economy. And some are just priced into the stock... well, thats what some people think anyway...
SHW (you would think would sink with lack of homes to paint) is up nicely
NOK missed badly but guided ok (claiming the lower end will make up for losses going forward)
BTU is up a good percentage on profits... winter is coming a few months.
logical drops COF, MER, C so far... but lets see where they close...
The interesting sector to me has been airlines... despite the slowing economy, oil dropping has shored up their stock. all of them are in the green.
The big cheese that we all await is GOOG (and to a lesser extent IBM). i am just plain tempted to buy a call to spite everyone. the puts are on fire... in fact i wish i did when i woke up this morning. but i rather take my money elsewhere. i.e. puts in hotels, and a few tech related (SNE, DELL.. and possible strangles SNDK, STX, WDC).
So, its GOOG time... let them set the tone for tech... i hope they do meet earnings and guide well. it makes setting up puts for the losers a whole lot easier.