Even though this was a well-anticipated reversal... the market still has reacted positively to the ruling in pushing up tobacco stocks, because this removes yet another legal impediment to the survival of the industry.
More Quotes from Tim Ghriskey:
The drop in oil prices is definitely positive for stocks. It takes some of the pressure off the markets, even if it is only for a short period of time.Tim Ghriskey
This lends a positive tone to tomorrow's opening, as well as crude being down significantly today.
Tim Ghriskey
Clearly Delphi is under pressure here, and their threat (of bankruptcy) is a real threat. Their first order of business is to try to renegotiate some of those (union) deals and terms to ensure the viability of the U.S. business.
Tim Ghriskey
This should lead to a positive tone to the start of the market today and to the outlook for industrial earnings.
Tim Ghriskey
There are some high-profile upgrades this morning, and Exxon Mobil and Intel are certainly helping the market. Adobe earnings, the current account number coming almost in line, and the moderation in oil prices will be a positive on the market.
Tim Ghriskey
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Based on Topics: Business & Commerce QuotesBased on Keywords: well-anticipated
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