VMWare (VMW), one of the hottest IPOs of 2007, was crushed in the after hours tonight (down 27%) after reporting 4th quarter earnings. Revenue of $412 million came in $5 million shy of analysts estimates and their revenue forecast for 2008…
It’s been another volatile day so far. Markets opened sharply lower, due to selling overseas and weak same store sales numbers from McDonald’s (MCD). US same store sales were up only 3.3% in the 4th quarter and flat in December (MCD…
“…. the basic forces that propel markets your editor believes to be momentum and value…..” – James Picerno, “A Short Treatise For A Two-Factor World”, May 14, 2007, The Capital Spectator “In 2007, by far the biggest driver of US…
Today’s trading is interesting. The news is generally good. Microsoft (MSFT) reported a really good quarter after the close yesterday. Dow components Honeywell (HON) and Caterpillar (CAT) also appear to have reported good quarters before the open this morning. But…
“And I hope when I get old I don’t sit around thinking about it but I probably will. Yeah, just sitting back trying to recapture a little of the glory of, well time slips away and leaves you with nothing…
With so much going on in in the here and now, I think it’s important to go beyond all the volatility in stock markets to understand the bigger picture implications of the week’s action. We shouldn’t forget that the big…
“The big picture overall trend is still down and the market is still broken. Until that is repaired, rallies (even like the one we saw yesterday) are not to be entirely trusted.” – Charles Kirk, “Calling A Bottom”, Thursday January…
After flirting with positive territory in the second to last hour, the Dow and S&P have surged into positive territory in the first 15 minutes of the final hour of trading (S&P 5 Day Chart). In fact, we’ve seen an…
I’m going to go out on a limb and say that this morning’s lows are going to form a short term bottom. By short term I mean at least a week or two. There are a lot of reasons to…
Is the relentless selling EVER going to end? Apple (AAPL) reported first quarter of their fiscal year earnings after the close today and while the just completed quarter was sparkling their forecast for next quarter was underwhelming. In the just completed…