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.
On this last day of trading for April Options we want to provide a position update.
Option Alert Service Signal New Trade Suggestion
Welcome to Wednesday’s Morning Coffee Break – Yesterday’s rally of triple digits on the Dow Jones Industrial and over 14 points in the S&P 500 has put U.S. markets back in the green for the month of October, just 8 session before Friday’s 25th anniversary of the 1987 stock crash.
Below are Wednesday’s trending equities ahead of the opening bell.
IBM reports earnings excluding items of $2.78 a share, topping forecasts. Revenue came in at $24.67 billion, slightly short of expectations.
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