Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Sandy Closes Markets; Pfizer Inc (PFE) and Others Push Earnings Back

The U.S. financial markets are closed today in anticipation of Hurricane Sandy, and are likely to be dark tomorrow also as the East Coast prepares for what is being called “FrankSTORM.” The agreement between the markets and their regulators was reached late Sunday night and marks the first time there has been an unscheduled market shutdown since September 2001.

Pfizer Inc. (NYSE:PFE)

According to the Wall Street Journal, one concern is that the “Closing of the New York Stock Exchange floor would require trading firms to re-code their systems Sunday night to route away from a major market center, in preparation for the market open, even as employees were unsure about transportation to their offices.” But, the closing of the markets represents a secondary issue – earnings reports.

Reuters writes that energy company Anadarko Corp (NYSE:APC) will continue as planned, announcing its quarterly results this afternoon, but for others earnings reports are being delayed. Drugmaker Pfizer, Inc. (NYSE:PFE) was due to report its earnings on Tuesday, but has since rescheduled its report until November 1. Power companies Entergy Corp (NYSE:ETR) and NRG Energy, Inc. (NYSE:NRG) also said that they would postpone releasing quarterly earnings results, in their cases until November 5 and November 2, respectively.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.