The earnings hit parade keeps on rolling, but not in the directions bulls wanted or expected. And with stocks priced well beyond perfection, today's reaction should hardly be a surprise. Yet, treasury yields soared once again in spite of poor earnings, and in spite of a flat industrial production report.
Wal-Mart, Macy's, Kohl's Cut Profit Outlook
On Friday, Control4, one of the first companies to specialize in home automation technology, had a stellar IPO. It popped 23% from its initial $16 price to a high of $20.70 and is still trading at about $20 today.
Australian publication, Motoring.com, recently conducted an interview with the Chairman of Mercedes-Benz Damler AG (OTCMKTS:DDAIF), Dieter Zetsche, where he disclosed that he was not worried over Apple Inc's (NASDAQ:AAPL) entry into the automotive industry. He stated that Apple may be biting off more than it could chew as being a car manufacturer is no joke.