Monday, January 25, 2010

Monday Morning (CAT,GE,WMT)

US indexes are positive this morning, with the DJIA +46points or +.46%.

Not much news behind today's gains, but rather a bit of recovery after last week's harsh selling. General Electric(GE) and Caterpillar(CAT) are the DJIA's biggest gainers.

GE estimates were raise at UBS this morning, as the firm sees improving results in Capital Finance. Goldman Sachs is also out with positive comments on GE today, saying earnings will increase thanks to lower tax rates and improving industrial results.

Wal-Mart (WMT) is in the news this morning, after a weekend announcement that they'll lay off 11,000 people. The headline news is not nearly as bad as it sounds on the job front, as most of these positions in food demonstration will be outsourced to Shopper Events, who if they were publicly traded would likely be up massively today.

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