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
First-Quarter Review
Welcome Back, Dow
9:00am (EST) The bulls have used back-to-back “Boom Boom” poundings to finally reach the top of the current 5-week trading range the market has been in. Yesterday’s smooth sailing added another 0.5% on top of Tuesday’s pop which has pushed the major indexes back near their February highs. Now thatRead more
Bulls Want to be King of the Hill
9:00am (EST) …if only briefly. The bulls made another step towards serious resistance on Tuesday and either look poised for a jailbreak, or, they are throwing their last punches in a huge brawl that is going to end ugly. We talked have talked extensively about the market’s moves since mid-OctoberRead more
Futures Flat, Oil Down
8:00am (EST) After a promising start, the bulls gave back all of yesterday’s modest gains in the final hour of trading despite better-than-expected economic news. Earnings were light and will be until the second week of April which is when first quarter earnings start to roll in. Geopolitical events wereRead more