1:30pm (EST) The market has traded on both sides of the ledger today as the bears were able to push near-term support while the bulls have battled back as we head into the second half of trading. It seems Wall Street is having a hard time deciding on whether toRead more
Hewlett-Packard (HPQ) Puzzles Wall Street, Shares Slammed
Bull Stampede Coming at the Open
9:00am (EST) We didn’t expect much from Monday’s action as economic news was light and earnings are winding down to a trickle ahead of July’s big 2Q announcements. As such, the market ended flat for the session but we expect the action will pick up starting this morning as we have a numberRead more
Futures Lower on Korean Conflict
Tech Banking On Hewlett-Packard (HPQ)
12:20pm (EST) The market opened lower to start today’s trading as European debt concerns continue to weigh on the market. Although Ireland got a lifeline, the bears believe the bailout will not be enough to stabilize the region and are now looking for Portugal needing one. However, these problems have beenRead more
Bears Trying to Hold Resistance
9:00am (EST) The market is pointing towards a lower open this morning to start the holiday-shortened week on concerns over the health of a few European banks. There isn’t much economic news or earnings releases scheduled to hit Wall Street this week so trading could be tricky. Although news will be light,Read more
Expect a Triple-Digit Dow Move on Friday
1:30pm (EST) You can almost feel the tension today between the bulls and bears as the market has stayed in a tight trading range. The major indexes are showing slight gains as better-than-expected numbers on housing and retail have provided the bulls some ammo heading into Friday’s update on employment.Read more
Futures Up on More M&A Talk
9:00am (EST) Futures are pointing towards a slightly higher open this morning as mergers and acquisitions (M&A) have once again taken center stage. Hewlett-Packard (HPQ, $39.85, down $0.91) has made a $1.5 billion bid for data storage provider 3Par (PAR, $18.04, up $0.01) this morning, just a week after rival DellRead more