HUL came in with a good set of numbers and this was expected, the parent company Unilever too had come in with a good set of numbers.The faith in the stock paid off...as I had a substantial position in it.Now we need to see if it goes towards the 600 level or it retraces.
What do we have in store this evening with DIJA?, the futures do not give a good picture. However ever we need to see what market opening brings out and the spate of data and results due will tell us how and where the DIJA is headed to.The catch 22 begins from there as this will be reflected in the Asian market and then so on it goes.
The results due in USA are as follows.
Apple is projected to post Q2 revenue of $46.0 billion and EPS of $10.90.
Caterpillar is projected to post fourth-quarter earnings of $1.27 a share.
Seagate is expected to post fiscal second-quarter earnings of $1.39 a share.
U.S. Steel is forecast to report a loss of 25 cents a share in the fourth quarter.
Zions Bancorp is likely to post fourth-quarter earnings of 42 cents a share.
If they all do well and the results are in line or above expectations then we could see a recovery in the DIJA as well as the S&P which are both poised near their earlier break out levels.
How the markets will look tomorrow for that we need to see how the markets on the other side of the world reacts to our side .