The number that I and everyone else will be focusing on is the GMV number, which was disappointing with only 8% growth. – John Aiken (subscription required), Analyst, Majestic Research eBay (EBAY) reported 2nd quarter earnings after the close yesterday (EBAY Earnings…
Intel had another strong quarter with revenue at the high end of expectations and earnings up substantially year over year. As we enter the second half, demand remains strong for our microprocessor and chipset products in all segments and all…
One thing that’s essential is enormous volume. With gigantic volume you can read the markets true opinion – we will need outsize volumes to be able to say ‘Okay, the bottoming or topping has occurred’. It won’t be the end…
In a modern financial system, nothing is more frightening than a run on the bank. – Tom Petruno, “When faith is frayed”, July 12, 2008, LA Times As most of you know by now, the Federal Government closed and siezed…
If you’re going to be a trader, and you don’t have to be and trading is not the core of what I do, at some point you have to pull the trigger. We always want that perfect, can’t lose, super…
Sooner or later in a bear market, even the glory stocks start to come apart. As a bull market ages and becomes a bear market, stock groups turn down one by one, until even the strongest roll over. That may…
VMware (VMW), last summer’s hottest tech IPO, is getting smoked today after announcing a CEO change and a slight downward revision to its 2008 revenue forecast (VMW Press Release). When they reported 1st quarter earnings on April 22 they forecast…
Cash America (CSH), operator of about 500 pawn shops in the United States, today significantly increased their expectations for 2nd quarter earnings. Pawn shops make money by lending money that is collateralized by the borrower’s personal possessions such as jewelry…
Graphics chip maker NVIDIA (NVDA), the most actively traded stock on the NYSE and Nasdaq today, dropped 30% after announcing much lower guidance for 2nd quarter revenue and a $150-$200 million charge for product malfunctions (NVDA Press Release). They estimated…
GM’s shares are trading just above $10 a share this afternoon. According to the WSJ’s David Gaffen, GM shares haven’t traded below $10 a share since September 1954. Now that’s something you don’t see every day! Yesterday, GM rallied on…