The US market has shed gains from Tuesdays 420-point rally. It was a higher low, though. Plus, the DJI is still consolidating in the 12850 to 11700 levels. I remain confident, especially because of VISA's first day trade performance - a 28.41% gain as they close at $56.50 per share.
Not exactly the confirmation the Philippine market is looking for, but hey, there's still tonight, right? Right!
And since I've mentioned tonight, here's what to watch out for:
- VISA under the ticket "V" - will they hold gains from first day trade?
- Companies set to report earnings:
Barnes&Noble (BKS)
FedEx (FDX)
3Com (COMS)
Palm (PALM)
- Starbucks (SBUX) - In its annual shareholders meeting yesterday, Chairman, President and CEO Howard Schultz announced that there will be changes in the Starbucks business plan.
Another exciting trading day. That's for sure!
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