12:30pm (EST) Intel (INTC, $26.20, up $0.82) reported earnings after the close yesterday and they came in better-than-expected, for the most part. The company announced a quarterly profit of $2.83 billion, or 54 cents a share, versus $2.95 billion, or 54 cents a share, in the year ago period. SalesRead more
Intel Beats Estimates, IBM on Deck
Earnings, Sentiment Weigh on Market
1:00pm (EST) IBM (IBM, $201.63, down $5.82) and Intel (INTC, $27.91, down $0.56) are weighing on the market after reporting earnings after the close on Tuesday. IBM beat estimates but missed on revenues while Intel is trading lower after reporting lower gross margins for the quarter. The Dow is currentlyRead more
Bulls Eye April Highs, Bears Banking on Greece
Thursday’s 4 Horsemen (GOOG, INTC, MSFT, IBM)
9:00am (EST) The bulls got off to a good start on Tuesday following Monday’s holiday as overnight and morning futures were up significantly before the European markets opened for trading. The major averages surged 1% out of the gate but finished the day giving back half the highs and thenRead more
Bulls Bringing Out the Big Guns
9:00am (EST) Go figure. On a day the Financial stocks actually showed some strength, Tech lagged along with several other sectors which weighed on the market for much of Wednesday’s session. More bad news from the housing sector also held back the early momentum the bulls had going on strong earningsRead more
Intel (INTC) Hits 52-Week Highs, EA (ERTS) Reports Earnings
8:50am (EST) We knew before the market opened on Wednesday it was headed lower. Although futures were holding up, the atmosphere felt bearish and the lack of follow through following Monday’s big pop at the open has been apparent all week. Economic news has come in below the belt and tomorrow’sRead more
Bulls Looking to Breakout
8:50am (EST) The bulls recovered from Monday’s haymaker and rebounded to push the market higher on Tuesday. Believe it or not, there were a couple of decent housing reports released before the bell which helped futures firm up and led to a solid open. The bulls cruised until halftime whichRead more
Intel (INTC) Impresses, JPMorgan (JPM) Beats Estimates
8:50am (EST) The market took a breather on Thursday after some disappointing jobless claims numbers but held support following Wednesday’s big pop. The bulls did rather well in holding their ground but Fed Chairman, Ben Bernanke, kept a lid on any comeback after saying the unemployment rate is not goingRead more