After a wild week, Citigroup ( C ) delivered some better then expected earnings ( or lack there of ) This morning, 10/16/08, Citi lost .60 cents per share, or 2.81 Billion for the 3rd quarter.
Total assets declined by 50 billion since the 2nd quarter. Yes, this report looks grim, but Citigroup ( C ) will in fact survive and that is making the stock rise a bit in pre market trading to $16.87.
Stocks to Watch 10/16/08:
Watch Chesapeake Energy ( CHK ). Again yesterday, this stock was crushed, but I'm seeing some signs of early bidders coming back to the stock. You could potentially catch a nice gain in this stock if you play it right. Buy the stock when it breaks the high of day. Chesapeake Energy is a major driller in the best natural gas field, Haynesville Shale
Google ( GOOG ) reports earnings tonight.....this will be a stock to watch also. EBay reported in line earnings last night but their guidance was horrible. Google does not give guidance.
For a full earnings calendar, go to http://blackberrystocks.com