The market ended mixed today with Dow scratched out a 14 pt gain, but the bear is still in control. Looked at AA and DNA failed to move its peers into positive territory tells me the market is bear bear bear. Energy sector again left the market in the dust with many stocks have sizable gain for the day. For some reason, I’m not sold on the oil. I think the sector needs to pull back some more. If I have to buy energy right now, I would buy natural gas and coal stocks.

After the bell, Apple beats earning estimate by a penny but stock got hammer because the ipod sale was not as strong as anticipated. This is going to drag down many of the consumer related electronics tomorrow. AMD beat the earning estimate by 10 cents, so what is the story here. Is AMD taking market share from Intel?

This entry was posted on Wednesday, October 12th, 2005 at 12:27 am and is filed under Market Recap, Stock Market. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.