Earnings enthusiasm pushed stocks above the classic technical resistance levels as the bulls took control of the market. Surprisingly strong housing figures combined with the upbeat earnings guided shares solidly higher on the day. Word of Warren Buffett earning billions on his long Goldman Sachs play further added to the optimistic tone. The DJIA soared 188.03, the Nasdaq advanced 47.22, and the S&P 500 climbed 22.22.
Tool maker, Black & Decker (BDK | Chart | News | PowerRating), announces earnings before the bell Friday with an expected EPS of 37 cents/share.
Chemical giant, Ashland (ASH | Chart | News | PowerRating), is predicted to see an EPS of 92 cents for the fiscal third quarter prior to the opening of trading on Friday.
Schlumberger (SLB | Chart | News | PowerRating) has forecast second quarter earnings of 63 cents/share revealed Friday morning before the trading day starts.
Microsoft (MSFT | Chart | News | PowerRating) disappointed investors with a 29% profit decrease and internet retailer Amazon (AMZN | Chart | News | PowerRating) posted a 10% profit decline for this quarter after the close.
Retail option broker, OptionsXpress (OXPS | Chart | News | PowerRating) is expecting to see second quarter earnings of 25 cents/share Friday morning before the bell.
T. Rowe Price (TROW | Chart | News | PowerRating) announces its second quarter results before trading opens on Friday with forecast earnings of 34 cents.
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