12:40pm (EST) Is it me or does it feel like we are watching paint dry? In what should have been an easy grand-slam today, the Dow is having trouble punching through that 10,000 point brick wall. We got a strong pop and then lost some of the fizz shortly after the marketRead more
Are We There Yet?
Weekly Wrap for 4/19/09
1. Commentary 2. Dendreon’s Next Move 3. Olin – Under the Radar 4. Earnings 5. Current Trades 6. Monday Morning Playbook 7. Closing Thoughts ************************************************** 1. Commentary The market extended its winning streak to six straight weeks although the gains were marginal. Still, the streak was in jeopardy after theRead more
Next Week's Secret
12:05pm (EST) With all of the attention being focused on the financials this week, nobody is looking ahead to a huge event happening Monday. International Business Machines (IBM, $99.95, up $1.10) will be reporting earnings and I think they are going to produce a huge quarter. The problem this weekRead more
Down Day Triggers Stops
IBM Breaks Through Resistance
Weekly Wrap 1/25/09
1. Commentary 2. Financials 3. Techs 4. Biotechs 5. Earnings 6. Closing Thoughts ************************************************** 1. Commentary The market continued its slide as the all three major indexes lost ground again last week. There was strength in certain sectors while other sectors continued their volatile ways, especially the financial stocks. TheRead more
Big Blue Beats Street
International Business Machines (IBM $81.98, down $2.94) beat Wall Street estimates after the market closed on Tuesday and got a lift in after-hours trading. The company reported a profit of $3.28 a share on sales of $27 billion, versus $2.80 a share on revenue of $28.9 billion last year. WallRead more