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…
According to a New York Times article this morning, late last week Chief Executive Stan O’Neal, without the permission of Merrill’s board, contacted Wachovia Chief Executive G. Kennedy Thompson to ask if he might be interested in acquiring Merrill as Merrill…
“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…
Amazon (AMZN) just reported a monster quarter. Revenues were up 41% from the year ago period to $3.26 billion, including 42% in North America – analysts were looking for $3.14 billion. Net Income came in at 19 cents a share…
Amazon blew through $100 a share into the close today, a level it hasn’t seen since December 1999 (AMZN 10 Year Chart). It’s within striking distance of its all time high of $113. Wow!
Amazon is up almost $7, more than 7%, on huge volume before it reports earnings after the close today (AMZN 10 Day Chart). Investors seem cheered by good reports from Apple and Google and are expecting more of the same…
“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…
What you have to understand about Apple (AAPL) is that they don’t sell iPods, Macs and iPhones: they sell Apple products. And Apple is hot!!!!! What do I mean? Apple became relevant again with the introduction of the iPod. But…