US stock markets rallied on Thursday after several major corporations reported strong earnings and after the Federal Reserve indicated it would likely raise rates later in the year.

stock markets update 17 July this weeks links

The S&P 500 climbed 0.80%, the Dow Jones rallied 0.39%, and the Nasdaq outperformed, rising 1.26% to set an all-time record high.

Gains on the Nasdaq were driven by top line numbers from the likes of Intel $INTC and Netflix $NFLX with the latter gaining 18%.

Interestingly, some reports suggested that Intel’s figures were not as strong as to be believed, once the appropriate tax adjustments had been made. As a result, Intel shares did indeed finish well off their highs.

Here are this week’s links:

Why no-one cares if a company beats estimates.

Nice article from Bloomberg that shows how companies have been beating their analyst estimates regularly. Cisco has beaten expectations in 43 of the last 44 quarters.

The real reason for Intel’s massive EPS beat in one chart.

Tax accounting helped Intel beat the street on Wednesday. (Zerohedge).

Improving the simple gap strategy, part 3.

Does previous day price action help improve a simple gap trading strategy. (SystemTraderSuccess).

Trading volatility and managing risk with options.

Education for using options from Tradeciety.com.

What is Jim Rogers buying? China, Japan and Russia.

Jim Rogers is buying what everyone else is sellling. (MarketWatch).

A balance sheet quirk at Bank of America.

Some interesting financial analysis from Xinyun Hang. (Seeking Alpha).

That’s all for now. Have a good weekend.

JB


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