Some regard private enterprise as if it were a predatory tiger to be shot. Others look upon it as a cow that they can milk. Only a handful see it for what it really is–the strong horse that pulls the whole cart. – Sir Winston Churchill
Alcoa reported after the close and in true form fell a bit short. As a result some metals and materials are lower in pre-market trade. U.S. stocks ended higher Monday for the third straight session, with the S&P 500 and Nasdaq Composite rising by 0.2% each and the blue chip Dow Jones Industrial Average finishing above the 11,000 level. A number of deals and the outlines of a potential Greek rescue package were supportive for stocks. Greece was able to sell 26-week and 52-week bills at big bid-to-cover rates but with yields of 4.55% and 4.85%, respectively.
Two earnings reports of interest today are INTC and CSX after the close.
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Realized Gains and Losses Thus Far in April
Realized Gains
AA +4.6%
WYNN +7.6%
X +4%
HUSA +8%
XLE +5.5%
AIG +17%
COP +6.5%
JEF +8.7%
CMG +5.3%
FFIV +3.3%
BUCY +4%
RNN +76%
KERX +30%
BUCY + 5%
Realized Losses
MELI -1.3%
INFA -4.1%
NKTR -3.0%
CTRP -6.7%
EWP – 4.8