Intel Earnings

The earnings announcement stream continues. Intel posted EPS of $0.33 vs $0.28 consensus. Revenue at $9.4 billion down 7.8% compared with the same period last year. The consensus was at $9.06 billion. More from Reuters: Intel quarterly results beat Street. The earnings season is proving to be what I wrote earlier “better than expected” earnings on cost cutting. It can’t go on indefinitely, we have to see some growth in revenue.

U.S. got pounded again reaching new low. I begin to wonder will it continue to levels never seen.

Chart 1. U.S. Dollar Index

$USD 13102009

Oil moving higher on weak dollar.

Chart 2. Crude Oil Future

$WTIC 13102009

Interesting article on foreclosures in yesterdays WSJ. WSJ link: Foreclosures Grow in Housing Market’s Top Tiers. And new investment for star hedge fund manager John Paulson. Bloomberg link: Paulson Agrees to Invest $77.9 Million in Conseco.

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This entry was posted on Tuesday, October 13th, 2009 at 3:48 pm and is filed under Markets. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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