After the bell, LinkedIn and Starbucks posted earnings that beat the street and were up about 7% after hours.
LNKD reported better-than-expected 3rd quarter results and raised revenue guidance for the whole year. Projecting about 80% growth. EPS came in at 22 cents, twice what Wall Street expected making it always a positive sign.
It grew its membership 47% year-over-year. 70% of the new memberships added in the quarter came from outside the US.
Starbucks (SBUX) showed strong sales growth and increased dividend from 17 cents to 21 cents / share. Shares jumped compared to 3 months ago when the results make the company tank. The company is expanding aggressively internationally with plans to open 600 new stores in the Asia-Pacific region during 2013.
Financials also seem to be showing some strength today.... Especially JPM which broke this horizontal resistance point.