Right around 12pm PST (3pm EST), at the start of the last hour of trading, today stocks started taking off. The Dow went from being up about 80 to all of a sudden being up about 130. I had no…
The outperformance of tech over the last 3-4 months is noteworthy (Top Gun first noted it on July 5 “Tech Leads Market”). A number of prominent tech stocks such as Apple (AAPL), Google (GOOG), Research in Motion (RIMM) and Cisco (CSCO) are…
There’s a lot of news out this morning that has to make you a little uneasy if you’re a bull. Target (TGT) reduced its same store sales forecast for September from 4-6% to 1.5-2.5% (subscription required), raising questions about the…
As the market grinds through what looks to be a relatively slow, consolidation day, I took a couple hours this morning to review the quarterly earnings a bunch of investment banks released this week. Overall, Goldman’s earnings came in remarkably…
Did you know that pet industry sales are the 2nd fastest growing retail category behind electronics? It’s a bull market in pet supplies!!!! You absolutely must read this fabulous LA Times article on the growing pet industry. Check out the…
The stock market rally stalled today on a number of interesting and important developments. The front page of the WSJ (subscription required) announced that Bank of America was making a $2 billion investment in Countrywide Financial (CFC), that nation’s largest…
I saw Philip van Doorn, TheStreet.com’s Bank Analyst, on CNBC’s Street Signs about an hour ago and I went and read his informative article “Is Wamu The Next Countrywide?” He has some very interesting numbers. The one I found most…
On Monday we had a mid afternoon swoon as the impetus from the Fed move began to wear off. But markets recovered on news of a Tuesday morning meeting between Bernanke, Treasury Secretary Paulson and Senate Banking Committee Chairman Christopher Dodd….
Yesterday after the close the federal judge overseeing the FTC’s request for a preliminary injunction against the Whole Foods/Wild Oats merger rejected the FTC’s case. The FTC now has until noon on Monday to appeal the ruling. If they don’t,…
This morning before the open two of the biggest retailers Walmart (WMT) and Home Depot (HD) reported their quarterly earnings. Walmart forecast a weak 3Q and full year citing economic pressure on its customers. Investors didn’t respond favorably to what…