It’s earnings season roulette! $INTC, $UPS and $AXP! You never know how a stock will react to earnings and forward guidance. Intel, UPS and American Express are Friday’s great examples. Intel and UPS were down, while American Express was initially down in after hours trading on Thursday, only to reverse and have a great day on Friday!
In the case of UPS, they warned that their numbers would be off – but, aren’t we told that the mall traffic was down in part because folks were shopping online?
Hmm, one would think UPS would be a good one if that’s the future trend.
(Disclosure: Long UPS)