Market Lower After Google (GOOG) Earnings Miss

January 20, 2012 Scott Redler

US stocks are opening slightly lower on Friday, digesting a slew of corporate earnings and focusing an eye on the debt talks in Greece. Google (GOOG) missed EPS last night by $1 and the stock is trading sharply lower, although off last night’s lows. The market, it appears, could not shake off that report despite some solid reports from other bellwethers.

International Business Machines (IBM) and Microsoft (MSFT) are higher this morning after meeting EPS expectations, but falling just short on revenue expectations. Intel (INTC) is flat following its report, while Intuitive Surgical (ISRG) and American Express (AXP) are lower.

Keep in mind that today is options expiration, which often brings some peculiar, choppy, hard-to-trade action. If you ahve been holding swing longs this could be an area to start to lighten up.

Disclosures: Scott Redler is long NFLX, VXX, OIH, CSCO, SPY, CROX, RENN, XLF, POT, LNKD, RIMM, QCOM, IBM puts, GOOG & GOOG calls. Short DIA.

About Scott Redler 367 Articles

Scott Redler is the Chief Strategic Officer of T3 Live. He develops all trading strategies for the service and acts as the face of T3 Live. Mr. Redler focuses on thorough preparation and discipline as a trader.

Mr. Redler has been trading equities for more than 10 years and has more recently received widespread recognition from the financial community for his insightful, pragmatic approach. He began his career as a broker and venture capitalist where he was able to facilitate relationships that led him into trading. Beginning his trading career at Broadway Trading in 1999, Mr. Redler moved on with Marc Sperling to Sperling Enterprises, LLC after establishing himself as one of the best young traders in the firm. As a manager at Sperling Enterprises, continued to trade actively while working closely with all traders in the firm to dramatically increase performance.

Mr. Redler has participated in more than 30 triathlons and one IronMan, exhibiting a work ethic that also defines his trading. His vast knowledge and meticulous attention to detail has led to regular appearances on CNBC, Fox Business, Bloomberg, and he is a regular contributor to Minyanville and Forbes’ Intelligent Investing blog. He has been quoted in the Wall Street Journal and Investor's Business Daily, among other publications.

Scott received a B.B.A. in Marketing/Finance from the State University of New York at Albany, graduating Magna Cum Laude from Albany's School of Business.

Visit: T3Live

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