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Waiting On JPM?

By Red, on January 14th, 2010

rollercoaster-ride

Today was a flat day as the market awaits JPM earnings tomorrow morning at 7am EST.  Intel’s earnings came out after the close today and beat the street’s estimate of 30 cents, coming in at 40 cents.  However, the street’s estimate number isn’t what’s important, it’s the “Whisper Number”, and that was around 40 cents, not 30.

That’s why Intel hasn’t moved much after the number’s were released.  That puts JP Morgan under pressure to beat the whisper number too, not the street’s number.  Since they get free money from the government, I do expect them to beat the street’s number.  But, will they beat the whisper number too?  We’ll see tomorrow…

Red

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Another Whipsaw Wednesday… »  
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