1:50pm (EST) Zynga (ZNGA, $9.87, down $0.13) opened for trading this morning on the Nasdaq stock exchange after pricing shares at the top end of their expected range. The company offered Wall Street 100 million shares at $10 which raised $1 billion with over-allotments of 15 million shares that could bring the deal to $1.15Read more
Zynga Goes Public
Gold Dips Below 200-Day MA
The Final Countdown
Cisco Systems (CSCO) Turning the Corner
12:55pm (EST) Futures were pointing towards a nice pop at the open as some of the Tech names reported better-than-expected earnings while jobless claims came in under 400,000 again. However, despite the strong start, the momentum has failed to hold as the indexes gave back all of their gains withRead more
Apple (AAPL) Misses, Futures Mixed
9:00am (EST) “We could have a short-covering rally into the close so buckle-up”. Those were our famous last words from Tuesday’s tidbits… We said yesterday we had high expectations for the week and we were disappointed with the start but the bulls got back on track following Monday’s spanking. TheRead more
Slovakia Holding up the Show
Netflix Headed For $100 – or Lower
12:45pm (EST) Futures were strong throughout the night and this morning as they were pointing towards a slightly higher open even before the latest unemployment figures were released. The bulls got a bonus package when Initial Claims came in at 391,000 versus expectations for 419,000. The break below 400,000 wasRead more
Bears Stop Skid, Looking for More
Market Sees Green
12:50pm (EST) Futures were pointing towards a strong open this morning on word the International Monetary Fund (IMF) was preparing new plans for fixing the financial conditions in Europe. A possible interest-rate cut by the European Central Bank (ECB) for the region could be in the mix but some cautiousRead more
Buffett Backs Bank of America (BAC)
1:30pm (EST) We mentioned on Tuesday we could be nearing a bottom for Financial stocks and it seems Warren Buffet got the message. Buffett’s Berkshire Hathaway will invest $5 billion in Bank of America (BAC, $7.63, up $0.64) to shore up the company’s balance sheet and provides a much neededRead more