Earnings Season Starts With A Whimper

-Walgreens reported unexpectedly awful earnings today and understandably gapped down big. Out of 16 analysts covering the stock 6 had a strong buy, 2 had a buy recommendation, and 8 had a hold on WAG. Typically right in line with estimates with a record of nominal positive suprises they reported .40 per share which was a 14.89% downside surprise. Ouch. First analyst to downgrade should also submit a press release saying they have no idea what's really going on. Just another example of how the analysts are not working for you.

-Other companies reporting this week include RIMM, FDO, and PALM.

-Moon shot, four-bagger potential: PRCP. On a related note the DJ Auto Parts Index is up 26.5% this year.