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.
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