As many as half of the large banks including J.P. Morgan Chase Bank (JPM, quote), that just reported a earnings beat, failed the Government Accountability Office’s or GAO’s Living Will Test. That 4 out of the 8 largest banks here in the U.S.
This Morning’s Trending Stocks
More concerns overnight in China as securities regulator open an investigation into potential irregularities in China largest single day sell off in more than 8 years.
U.S. equity futures turned sharply lower over the crisis in Greece. Most recent last night the IMF discontinues negations with the Greek government and walked away from the table.
An historical day in China and Hong Kong as trading link program was initiated today between the two countries that allow investors to trade on both exchanges.
Overnight the HSBC Flash China Manufacturing Purchasing Managers’ Index hits 18 month high. The survey indicates high demand for manufacturing domestically as well as internationally.
Wow what a ride from the IPO to the latest earnings report in Facebook (FB, quote). Facebook’s earnings rocketed on 61% jump in revenue for the previous quarter. To say they crushed estimates would be an understatement not to mention it’s the 9th straight surprise beat.
Option Alert Service Signal New Trade Suggestion
Option Alert Service Signal New Trade Suggestion
Option Alert Service Signal New Trade Suggestion Let’s take our more than double profit and exit this morning.
