Hello traders everywhere! Jeremy Lutz with your mid-day market update for Tuesday, the 16th of October.<br /><br />The markets have moved higher today on the latest batch of positive earnings. Financial giant Goldman Sachs (GS), reported better than expected third quarter earnings.<br /><br />Goldman Sachs reported adjusted third quarter earnings of $2.85 per share compared to a year-ago loss of $0.84 per share, while analysts had expected earnings of $2.12 per share.<br /><br />Beverage giant Coca-Cola (KO) also reported third quarter earnings that came in slightly above analyst estimates but on weaker than expected revenues.<br /><br />Johnson & Johnson (JNJ) reported third quarter earnings and sales that exceeded analyst estimates and also raised its full-year guidance.<br /><br />Shares of Citigroup (C) are also in focus after the financial giant announced that Vikram Pandit has stepped down as the company's Chief Executive Officer and as a member of the Board. Citigroup also said that its board has unanimously elected Michael Corbat as CEO and a director of the Board. Corbat previously served as Citigroup's CEO of Europe, Middle East and Africa.<br /><br />Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
