As we did during the June/July earnings season, we have once again started monitoring US company earnings for the current October/November earnings season. We will be updating these earnings releases twice a day, first thing in the morning, and shortly before the US markets open at 15:30.
Keep an eye on large cap companies surprising to the up or downside, as these can cause the market to move.
Telkom (TKG) has fast become one of our most preferred JSE stocks this year. In the last 18 months Telkom has run from R13 a share (May 2013) to R62 (yes, a 375+% increase!) It gave us a fright when it recently dropped from R62 to R50 in a little over a week, but bounced back to R62 pretty quickly.
See the calendar and releases here$JSETKG #Telkom – 6200 proving to be stiff resistance. Will it consolidate before pushing through? pic.twitter.com/VawcE1QmDx
— Storm Trading (@Storm_Trading) October 8, 2014
Bearish descending triangle on gold. First target of U$1,054 if fails to hold support at U$1,181. pic.twitter.com/MtW0ucEqdw
— IJG Research (@ijg_research) October 6, 2014