Oil rose more than $2 barrel today after getting raped for some time. Tomorrow oil inventories are due at 10:30AM ET. If oil continues to rally it could weigh on stocks.
Yahoo! Inc. (Nasdaq: YHOO
) reported after the close and showed they continue to perform like a dead fish compared to Google (Nasdaq: GOOG
). Stock up 4% after-hours. The company is talking up their new search platform Panama again on the CC. Where are the resuls already!
Advanced Micro Devices Inc. (NYSE: AMD
) reported a dismal quarter. Margins were way below expectations. Looks like Intel and AMD are price cutting each other to death. Down 4.6% AH.
Earnings to watch tomorrow include: McDonald's (NYSE: MCD
), SAP AG (NYSE: SAP
) (already warned), eBay (Nasdaq: EBAY
) and Qualcomm (Nasdaq: QCOM
Today's pump-it-up-pump-it-up micro cap stock was Optionable Inc. (OTCBB: OPBL
). The company had a nice piece of news out which drove the action ---- Mega commodity exchange NYMEX Holdings (NYSE: NMX) is buying 19% of the company. Optionable provides natural gas and other energy derivatives brokerage services.
Labels: AMD, EBAY, GOOG, MCD, OPBL, QCOM, SAP, YHOO