McDonalds made it’s first ever MSW daily screen last night after it said that second quarter earnings should jump by 60%. For the day, the fast food company was up over 5% while other large cap stocks also gave the street solid earnings reports. Apple moved more than 3% after comments were made by a “talking head” over at Piper Jaffray prior to an earnings release on Wednesday. IBM, Microsoft and Yahoo are all expected to report results in the coming days. The chart associated with this post is telling us that Large Caps are gaining strength versus Small Caps. Time will tell but yesterday could have been the first round of confirmation.
I thank Trader Mike for bringing this chart to my attention!
Some familiar “Large” names expected to report today:
KO – Coca-Cola
JNJ – Johnson & Johnson
IBM – International Business Machines
USB – U.S. Bancorp
YHOO – Yahoo, Inc.
Piranha
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