RSS FeedThere's Naut Like A Good Results Fest
Posted by Senan
Carnage on the stock markets today. When I looked at my watchlist at about 4pm it was red red red. Stocks from all over the world were getting the jitters. Financial services and mining were particularly hard hit. And of course, the stocks I actually own were also way down; it's like the kiss of death when I jump in!
There were a couple of notable exceptions, namely Vodafone (which posted an encouraging update). MasterCard was way down, something like 10%, because even though it increased profits, it didn't hit analyst targets. Speymill Deutsche was also way down; their trading update was mostly about loan covenants, interest rate swaps, and what not. Stuff to give even the most astute investor the heebie-jeebies. Myriad Genetics and Innophos Holdings also took a bath.
Can't wait to see what happens tomorrow...
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