PRE MARKET BLOW UPS

Instead of a long, drawn out note this morning:

CATERPILLAR (CAT) missed by a mile and is down a large $9. It’s not the news. It’s how things react to the news.

NVIDIA (NVDA) just lowered numbers markedly showing down a whopping $23. It’s not the news. It’s how things react to the news.

In past weeks, what we believed to be poor earnings were mostly bought up. Not today. It is only two names but may we say an important two names. NVIDIA is an important SEMICONDUCTOR name. This important group was very strong the past couple of days. Not sure we need to tell you how important CATERPILLAR is.

Stay tuned. Much more to come from the earnings roulette game.

1 reply
  1. Ted Coy III says:

    Cat lost 10% of it’s sales with China. It is always about sales. No Sales No profit.
    But sometimes you got to stop and look at the Big Picture. China has never played by the same goals, you know the answer, it’s called delayed gratification. Americans no longer understands that any more.

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