Morning Call: Strong Earnings, European Gains Boost US Futures, Market Overall Though Looks Damaged
US stock futures are higher Friday morning after a round of strong corporate earnings from a host of big names. General Electric (NYSEArca:GE), McDonald’s (NYSEArca:MCD) and Microsoft (NASDAQ:MSFT) are all trading higher this morning after beating Wall St expectations. European stocks also traded higher, shaking off increasing worries about Spain’s debt load and rising borrowing costs. Not all is rosy on the earnings front, though, as SanDisk (NASDAQ:SNDK) is trading sharply lower after its report. A warning from Apple (NASDAQ:AAPL) sent the stock tumbling in early April, and today’s report has the stock near 52 week lows.
Evan Lazarus has been in the equity trading business for 12 years. 9 years ago, he took a managing director position at Sperling Enterprises, LLC. At Sperling Enterprises, Mr. Lazarus, along with Scott Redler, managed the firm’s traders and developed its highly successful training program. His core competency lies in understanding the difficult psychological aspect of trading, and his ability to mentor other traders. Mr. Lazarus became a partner in Sperling Enterprises in 2006 and in 2007, he helped facilitate the merger between Nexis Capital and Sperling Enterprises creating the entities known today as T3 Live, LLC and T3 Trading Group, LLC, a Registered SEC Broker-dealer and Member of the CBOE Stock Exchange (“CBSX”). T3 Live, LLC is well known Trading education firm and T3 Trading Group, LLC is a Proprietary Trading firm.
Mr. Lazurus is the Chief Knowledge Officer of T3 Live, LLC and is a currently a registered T3 Trading Group, LLC Associated Person and T3 Live Contributor.
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*DISCLOSURES: Evan Lazarus is short NYSEArca:SPY, LULU.