Monday, October 22, 2012

Monday 10.22 Pre-Mkt Outlook

After a huge sell off on friday, the /ES looks to open at 1425 after closing at 1426.

$CAT posted earnings that beat but revenue missed and they also reduced their outlook for the year. I will keep my eye on the 82.50 put and 80 put in the weekly.

$FCX both earnings and revenue beat. It had closed at 41.20 and is trading lower in the pre-mkt and looks to open around 40.38.

$BTU revenue beat, but profits slipped. The stock closed at 25.81 on friday after selling off big that day from 27, and looks to open around 27.30.

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