The big banks have reported strong earnings this week, and traders on StockTwits are betting the trend will continue with Bank of America (BAC), which releases second-quarter results Wednesday.
But the enthusiasm for Bank of America quickly fizzled out as the broader market turned negative.
What gives? Well, everyone knows, you always sell Bank of America before earnings. Or you always buy it before earnings. Sorry, you hold it into earnings. You sell it after. Wait, what?
Got it, sell now, buy tomorrow. No pigs or cheerleaders here.
Ok, hold now, sell tomorrow. Thanks for clearing that up. What if this time it's different?
Anyone else want to take a stab?
One thing is for sure, Bank of America is not going to fall below $14 a share, until it did.
Later that morning...
Of course, it's still relatively early.
Breathing is important, maybe just let them breathe all day?
So what is all the fuss about anyway?
Bank of America is expected to report earnings of 25 cents per share for the second quarter, up from 19 cents in the same period a year ago, according to a consensus of Wall Street analysts.
Google has some competition in the race to $1,000 a share.
Priceline (PCLN) shares rose 2% to $910.51 in afternoon trading Thursday. The stock topped $900 Wednesday for the first time since the salad days of 1999. So far this year, Priceline is up 46%.
Not to be outdone, Google (GOOG) shares gained 1.5% to trade at a fresh record high above $919.
Wall Street has been eyeing four-digits for Google since February, MOREBen Rooney - Jul 11, 2013 3:27 PM ET
Shares of IBM fell sharply Friday, part of the fallout from Accenture's weak outlook.
Both companies are heavily invested in data analysis so any sign of weakness from either one raises worries about a broader slowdown in the sector.
Accenture cut its earnings outlook for the year and trimmed its revenue forecast for the fourth quarter.
A slew of analysts were quick to downgrade Accenture.
That doesn't bode well for Accenture's rivals, including IBM MORECatherine Tymkiw - Jun 28, 2013 11:31 AM ET
Carnival Corp. has had its share of bad press, but investors were willing to cut the cruise ship operator some slack Tuesday.
Shares of Carnival (CCL) rose 4% after the company reported quarterly results and announced a management shake-up.
While earnings were better than expected in the second quarter, Carnival said advance bookings for the rest of the year are currently below last year, despite discounted ticket prices.
Carnival also said it will MOREBen Rooney - Jun 25, 2013 2:20 PM ET
Apple. That bright and shiny tech darling continues to taste a little sour.
Shares of Apple (AAPL) fell below $400 for the first time since mid-April early Monday. The stock has struggled to stay above that mark all year and with some good reason.
It's lost some patent battles against Samsung, and just ended a three-week e-book trial that bordered on the absurd. (Five juicy details from the trial)
But let's walk it MORECatherine Tymkiw - Jun 24, 2013 1:12 PM ET
Electric cars are becoming all the rage. And this time, it's not about Tesla.
Chinese electric vehicle maker Kandi Technologies (KNDI) has been moving ahead with an aggressive plan to bring 5,000 to 10,000 electric vehicles to market in the next year or so.
And Kandi's stock has nearly doubled since June 1. Seems like it's not just Americans who are enamored with the idea of 'plug and drive.'
StockTwits traders sure MORECatherine Tymkiw - Jun 17, 2013 11:04 AM ET
Shares of First Solar cooled Wednesday after the solar panel maker said it planned to sell 8.5 million shares in a secondary stock offering.
Secondary offerings are always good news-bad news situations.
First the good news. First Solar's stock has rallied nearly 70% this year, ahead of the offering. Demand for solar panels has been growing. The company swung to a profit in the first quarter.
That creates prime conditions for the company MORECatherine Tymkiw - Jun 12, 2013 10:54 AM ET
SodaStream lost some of its fizz Thursday after PepsiCo debunked rumors that it might buy the soda maker.
Earlier this week, shares of SodaStream (SODA ) rallied on chatter that Coca-Cola might be interested.
If either panned out, it would be somewhat ironic. Earlier this year, SodaStream's Super Bowl ad, which touted its reusable bottle in a diss to Pepsi (PEP) and Coke (KO), never aired.
JPMorgan analyst John Faucher said it was MORECatherine Tymkiw - Jun 6, 2013 11:25 AM ET
Stocks have been on a roller coaster ride over the past couple of weeks. Bond yields are creeping higher. And it looks like that's created the perfect conditions for gold to regain favor with investors.
Gold prices nudged back above $1,400 an ounce for the first time in two weeks Thursday. That may not seem that dramatic, but for an asset that investors had been shunning lately, it may signal more MORECatherine Tymkiw - May 30, 2013 11:41 AM ET
As markets around the globe remain steeped in red, one stock is bucking the trend: Hewlett-Packard (HPQ).
HP is riding the wave of Meg Whitman's turnaround plan. The CEO said she's "encouraged" by the results so far, but cautioned it will take some time.
The company reported earnings late Wednesday that topped notoriously low forecasts and issued an improved profit outlook. So, even though sales are still not quite up to par, MORECatherine Tymkiw - May 23, 2013 11:26 AM ET
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