Just 17 trading days after closing above $600 for the first time Google is threatening to close above $700 for the first time. A Wall Street Journal article (subscription required) that Google is in “advanced” talks with Verizon Wireless and…
“Traders are just focusing on the Fed.” – Michael Metz (subscription required), Chief Investment Strategist, Oppenheimer It’s Fed Day today which means Double B, Ben Bernanke, is in da house baby. Analysts everywhere are trying to get into his head because his…
“Stocks are directionless ahead of a blockbuster day tomorrow. Other markets are about the same – bonds, currencies. [Stocks] won’t do a lot before we get a read on the Fed….” – James Paulsen (subscription required), Chief Investment Strategist, Wells…
I like days like today when it’s real simple: (Microsoft = Good + Countrywide = Good) = (Market = Good) (The Wall Street Journal’s market column is titled “Countrywide, Microsoft Fuel Rally” (subscription required)). It speaks to the desire for simplicity and…
Microsoft (MSFT) is having its biggest day in a long, long, long time – up $3.04, 9.50%, to $35.03 currently. It is the most actively traded stock on either the New York or Nasdaq Stock Exchanges by far with more…
“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…