This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Midday Market Report: Earnings, Sentiment Fail To Change Investors' Bearish Outlook:

NEW YORK (TheStreet) -- Earnings and consumer sentiment did little to lift the major indices Friday morning. The Dow, Nasdaq and S&P 500 each fell more than half-a-percent in the wake of disappointing results from online retail giant Amazon  (AMZN) and Ford  (F). Strong results from Microsoft  (MSFT) didn't silence chatter about a tech bubble. And a nine-month high in consumer sentiment failed to counter rising concerns about war in the Ukraine.

$SPY $QQQ $DIA a better than expected Michigan consumer sentiment gives only a temporary reprieve - Lurky (@lurky) Apr. 25 at 09:57 AM

$P $QQQ $SPY $IWM $VXX $SOCL No one going to hold on the weekend with Ukraine so hot right now. - Alex K (@AKEB) Apr. 25 at 09:44 AM

Amazon fell more than 8.5% after investors decided the company's declining operating income didn't warrant an 80X price to 2015 earnings multiple. Some investors said the severity of the sell-off showed that the five-year bull market was officially in the midst of a correction.

That's how bull mkts act-bad ER are lightly sold off,no damage-good ER pop and gr8t ER explode. Corrections/bear mrkts react different $AMZN - Optionshero (@OptionsHero) Apr. 25 at 10:10 AM

Sentiment on the ETFs that track the S&P 500, $SPY, Dow, $DIA, and Nasdaq, $QQQ, was majority bearish, according to StockTwits? analytics. This despite consumers feeling the best they have in a long time. A Thomson Reuters/University of Michigan survey showed consumers felt more positively about the economy than they had in nine months. The index hit 84.1, beating consensus estimates and preliminary numbers.

Investor bearishness, however, put a damper on the markets. It even took down some of the better earnings performers by midday. Baidu  (BIDU), which reported better than expected profits and spiked before the open, was up less than a percent by 10:30a.m.

Does $bidu ever just get to glow in the after affects of a good earnings? Everyone one of them just fades to red the next day... - Dave lerch (@Dlerch) Apr. 25 at 10:08 AM

At the time of publication the author had no position in any of the stocks mentioned.

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AAPL $124.43 -1.54%
FB $82.16 -1.20%
GOOG $548.00 -0.73%
TSLA $188.77 -0.94%
YHOO $44.44 -1.15%


DOW 17,776.12 -200.19 -1.11%
S&P 500 2,067.89 -18.35 -0.88%
NASDAQ 4,900.8850 -46.5560 -0.94%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs