Notes You Need for January 9: Target prices, MSFT, INTC, AMD, bitcoin apology, gold

Notes You Need for January 9: Target prices, MSFT, INTC, AMD, bitcoin apology, gold

In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don’t justify a full post. I’ve decided to start compiling these notes here each day in a kind of running mini blog that I’m calling Notes You Need. A typical post would resembles this one from today: “10:20 a.m.: Wall Street analysts continue to position their target prices ahead of earnings season. Today I’ve seen higher target prices for MGM Resorts International (MGM), up to $4 from $41; Microsoft (MSFT), up to $115 from $100; and Charles Schwab (SCHW), up to $60 from $52. I’ve also seen lower targets for Allegan (AGN), down to $215 from $230; and Alibaba (BABA), down to $219 from $221.”

Saturday Night Quarterback says, For the next week expect…

Saturday Night Quarterback says, For the next week expect…

A very heavy week for earnings will reach a crescendo on Thursday, November 2 with reports from Alibaba and Apple. The excitement isn’t surprising after the huge earnings that Amazon (AMZN), Alphabet (GOOG), Microsoft (MSFT), and Intel (INTC) delivered this past Thursday, October 26. This week Facebook (FB) is the Wednesday, November 1,  warmup act.

Market reaction to Microsoft isn’t making me jump up and down ahead of Facebook, Amazon earnings next week

Market reaction to Microsoft isn’t making me jump up and down ahead of Facebook, Amazon earnings next week

In my Saturday Night Quarterback post last weekend, I said that I was looking for Microsoft’s (MSFT) earnings, reported after the close yesterday, July 20, for clues on how the U.S. stock market would react to earnings reports from Alphabet (GOOG) on July 24, Facebook (FB) on July 26, and Amazon (AMZN) on July 27.