Thursday, November 19, 2009

Breaking News: BofA Downgrades Intel; Sears Reports Loss

We're going to have a tough day in the markets. BofA just came out and downgraded Intel--bad news considering we've been hearing a lot of "experts" on teevee tell us all about how computers are selling and chips are in demand. Well, not according to BofA. INTC is a Dow component, could put pressure on the index following the Claims data.

Sears! Eddie Lampert has done an awesome job of cost cutting and they still can't sell. They've had an aggressive ad campaign, but it hasn't helped. Could pose even more pressure on the retailers. See the file for more:

Sears Post 2nd Consecutive Quarterly Loss

Talk to you,

Todd M. Schoenberger, Managing Director
LandColt Trading, LLC

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