GE Earnings are out.
Profits are down 6%
Missed by 1 cent.
Since this is PreMarket, we will not know which way the street will react to this news.
As predicted, WYNN is experiencing a partial sell off, profit taking.
INFY traded down in Pre Market, with really low volume, while the Indian markets traded down 450 points.
As Predicted, there is a Pre Market profit taking on LVS, people are selling any rally in the casino industry.
1 hour to market open.
WYNN, LVS, INFY are experiencing losses as the market is down -230 points.
I warned you about this fall last night, if you had bought the ETF's listed in my other post, they moved on avg. 7% due to market fall.
Looks like there is not much Buying today. Stocks opened low and are staying low.
3 comments:
how does this affect the indian markets? can you reply, no? i want to hear. thanks for your reply in advance.
-sir venketaraman babu
first order of the dn.
i am still waiting for your reply kind sir. as you know, ge is a world player and a local favorite here in india. im from chengulpett. its a local street in famous chennai. here, i am comedian.
-sir venketraman babu
GE is a big out sourcer.
If GE decides to make changes, a lot markets will be affected cannot predict how India alone will be affected.
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