“The bullish commentary from Microsoft is helping the market, [as is] Countrywide coming out and saying they’re going to be profitable.” – Robert Pavlik (subscription required), Oaktree Asset Management Markets are up this morning on a strong earnings report from…
Well, well, I have no idea why but: S&P 1 Day Chart. UPDATE (Wed 10/24, 8:45pm PST): It seems that the reason for the late day surge was rumors of an emergency rate cut from the Fed (subscription required, free)….
On Friday October 5, Merrill (MER) preannounced an estimated $4.5 billion writedown on its mortgage backed securities portfolio which would result in a loss of up to 50 cents per diluted share for the quarter (Oct 5 Press Release). But when…
“The strong reports from technology are certainly helping.” – Tony Dwyer (subscription required), Equity Market Strategist, FTN Midwest Research “A lot of things are calling into question the strength of the economy.” – Todd Clark (subscription required), Director of Trading, Nollenberger Capital…
“Apple, Google, Amazon have all had big moves. But if Apple misses tonight, the party’s over.” – Peter Boockvar (subscription required), Miller Tabak It looks like a pretty slow day. While fires rage in Southern California and Turkey announcing that it…
We expect 2008 to be the sixth consecutive year of sales and revenues growth, despite a US economy near to, or even in, recession. Many US industries important to our sales are in recession [prominently housing]. – Caterpillar 3rd Quarter…
Google (GOOG) will be reporting 3rd quarter earnings after the close today and all eyes will be on them. Along with Goldman Sachs (GS), Google is probably the most important stock in the stock market. It’s not only a huge…
The market has really sold off over the last couple hours. After being up strongly at the open on strong earnings news from Intel and others, the market has pretty much tanked (Nasdaq Chart). It looks like one of the…
After the close yesterday, one of the biggest, most important and still beloved tech stocks, Intel (INTC), king of the semiconductors, reported what can only be described as an excellent quarter (3Q Press Release). The most impressive number in my…
I wouldn’t have expected it but the market rallied strongly in the last half hour taking back about 40% of its losses (Intraday Chart).