Stock Market July 16, 2009 - 7/16/09

The stock market exploded higher Wednesday on blowout earnings out of Intel ( INTC ) last night. The Dow Jones will have major resistance at 8600 so it will take a few more solid earnings reports to close over that level but we have the ammunition to do so - Google, IBM, JP Morgan, Citigroup, General Electric, Bank of America are all set to report over the next three days.

Below is a list of stock market events I will be watching for Thursday - July 16, 2009


Economic Data - 7/16/09

Initial Claims - 7/11/09 - 8:30am EST - expected???? 552,000

Philadelphia Fed - July 2009 - 8:30am EST - expected???? -5.0


Earnings Reports - 7/16/09

Biogen Idec Inc. BIIB 0.97 8am

JPMorgan Chase & Co. JPM 0.04 8am

Nokia NOK 0.18 8am

Nexen NXY 0.26 8am ( Natural Gas )

Google GOOG 5.05 4pm

International Business Machines IBM 2.02 4pm


Top Stocks to Watch - 7/16/09

Targacept, Inc. (TRGT)
Guaranty Financial Group Inc. (GFG)
Gannett Co., Inc. (GCI)
Lee Enterprises Inc. (LEE)
Brigham Exploration Co. (BEXP)
Superior Well Services Inc. (SWSI)
Alcatel-Lucent (ALU)
Las Vegas Sands Corp. (LVS)
Golden Star Resources, Ltd. (GSS)
MGM Mirage (MGM)

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