BG,
Meredith Whitney, founder of Meredith Whitney Advisory Group LLC said in an interview on CNBC,
“Goldman is going to surprise big on the upside...” Her comments sent the Market soaring yesterday.
Today, she was proven correct as Goldman Sachs reported second-quarter profit of $4.93 a share,
more than the $3.65 estimated by analysts surveyed by Bloomberg.
Interestingly enough, it was reported that Goldman executives sold stock worth $691 million
between September 2008 and April 2009.
Intel will be reporting after the Closing Bell.
Going with UP on Tuesday,
gl,
baz
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Economic Reports:
Core PPI.............+0.5%, 0.1% expected.
PPI..................+1.8%, 0.9% expected.
Retail Sales........´+0.6% better than the 0.4% forecasted.
Retail Sales ex-auto........
Business Inventories 10:00am(Eastern)
Back-to-school spending is set to slip 7.7% this year |