It has been another choppy session for the market today although the trend has been lower. The Dow opened on the downside and dropped 78 points to a low of 9,934 before reaching a high of 10,028. We are currently right at 10,004, down 8 points.
The Nasdaq and S&P 500 are showing slight gains. The Nasdaq is up 9 to 2,150 while the S&P is higher by 3 points to 1,069.
Google’s (GOOG, $538.79, up $7.50) had a powerful yet simple commercial last night in the Superbowl. I case you haven’t heard, hell froze over as its CEO said they would never do a commercial during the biggest football game of the year.
The real story behind today’s pop in the stock could be news that Google is working on some kind of translation software that could be used in their phones. In other words, Google is working on technology that could be capable of understanding a caller’s voice and translating it into a foreign language.
Companies that will be reporting earnings after the bell include Electronic Arts (ERTS, $17.81, down $0.58), Evergreen Solar (ESLR, $1.37, down $0.04), Lincare Holdings (LNCR, $38.13, up $0.40) and Vulcan Materials Company (VMC, $43.74, up $0.08).
We expect volatility will pick up by the end of the day but so far it feels like we have been watching paint dry. We do have a couple of stocks on the move in our Members Area and have updated the trades.]]>