Yesterday, the market eked out a small gain, ahead of IBM and TXN’s earnings. Then, both IBM and TXN disappointed investors with their quarterly reports. Today, the market open gapped down, but, started to bounce almost immediately. Both BTU and STLD delivered solid earnings and commodity sectors soon bounced strongly. Miners did especially well: CLF [...]
Category Archives: IBM
Market Brushes Aside Earnings From IBM And TXN: SPX, Nasdaq, IBM, TXN, AAPL, CRUS, SNDK, BRCM, VMW, CLF, BTU, STLD, WLT, FCX, X, WFC, NFLX, FFIV, QCOM, SBUX
July 20, 2010 – 2:15 pm
Market Forecast + Sector Watch: SPX, Nasdaq, XLF, XME, INX2, OIH, XLF, XME, INX2, OIH, IBM, TXN, GS, YHOO, SNDK, AAPL, QCOM, SBUX, WFC, FCX, AMZN, NFLX
July 18, 2010 – 6:07 pm
Last weekend, I forecasted: "For the new week, it will be about the earnings. If the earnings are strong and confirm the strength in the economic recovery, the market can continue to rally. Otherwise, the market could turn down to test the recent lows again. On Monday, we’ll hear from AA and CSX after the [...]
Strong Earnings Push The Market Higher! SPX, Nasdaq, CSX, AA, JOYG, GOOG, RIMM, AAPL, AMZN, IBM, PCLN, FFIV, CREE, VMW, CRM
July 13, 2010 – 3:46 pm
Yesterday, after the market, both AA and CSX reported solid earnings. However, CSX ended the day down 1.41% and AA was only up +1.2%. Mining stocks, in general, were only up slightly. JOYG stood out in the crowd, gaining +4.82%. Financials and techs lead the broader market higher. GOOG and RIMM have been popular in [...]
Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XME, XLF, INX2, QCOM, AMGN, EBAY, FFIV, SNDK, MEE, EMC, FCX, BA, MCD, AAPL, IBM, BTU, AMZN, MSFT, MDC, PCX
April 18, 2010 – 8:04 pm
Last weekend, in my Market Forecast, I wrote: "For the new week, the help that eurozone governments have committed to Greece should inspire the market to a strong start. We could easily see SPX 1200 tested. Nasdaq can rise to test 2480. We’ll also see the beginning of the earnings season, with AA reporting after [...]
Financials Jump On JPM Earnings! SPX, Nasdaq, JPM, GS, BAC, WFC, INTC, FFIV, MRVL, SNDK, IBM
April 14, 2010 – 4:24 pm
Stocks jumped higher today led by the financials. This morning, JPM reported strong earnings, easily beat the analysts’ estimates, making 74 cents per share vs. a consensus of 64 cents per share. Financials rallied immediately at open: JPM +4.05%, GS +3.16%, BAC +3.91%, WFC +3.51%. FAS (3x Financial Bull ETF) soard +7.57%, adding $8.3. FAS [...]
Market Pushes Higher: SPX, Nasdaq, SPG, MAC, CBL, INTC, IBM, FFIV, BRCM, RIMM, GOOG, ESI, BPI, CECO, DV
April 13, 2010 – 7:20 pm
The market overcame some "morning sickness" and ended the day higher. Techs were strong ahead of INTC’s earnings. GOOG jumped more than $14, or +2.45%. RIMM added more than +$2, trading back above $72. IBM, FFIV, and BRCM were also strong. REITs broke higher yet again! In our Trading Room, I alerted our members early: [...]
Market At Highest Close In 15 Months! SPX, Nasdaq, IBM, CREE, RMBS, AAPL, APA, WLT, HES, BAC, WFC, BK, STT
January 19, 2010 – 9:09 pm
After brushing aside C’s earnings this morning, the market shifted its focus to the Senate race in Massachusetts. Health care stocks started to rise because Brown, the Republican’s candidate, was gaining momentum. Other sectors followed higher. Energy stocks turned green. Miners were also strong. Tonight, Brown secured a victory. Health care stocks may get a pop [...]
Market Claws Back Into the Green! SPX, Nasdaq, AAPL, RIMM, X, AMSC, CLF, MEE, CNX, BTU, ACI, GS, RIMM, IBM
December 9, 2009 – 5:41 pm
The market open on the strong side today. It sank down into the red in early afternoon, but, was able to close strongly back into the green! We had a lot of plays going in the Trading Room today. More than a month ago, I talked about AMSC and that the January calls looked attractive. On November [...]
Market Tests SPX 1100 Again! SPX, Nasdaq, HPQ, COMS, JDSU, BRCD, BRCM, JNPR, IBM, CSCO, CTRP, GLD, GOOG
November 11, 2009 – 8:48 pm
On Monday, in my evening article, I said, "The market had a really strong day today and we could see some profit-taking tomorrow. SPX 1100 could be tested, but, I think we might need a couple of more days before breaking above that level." Isn’t it funny how a couple of sentences can sum up the market [...]
Energy Stocks Keep The Market Up! SPX, Nasdaq, SLB, DO, NOV, HAL, GOOG, IBM, GS, BAC
October 15, 2009 – 5:16 pm
This morning, Goldman Sachs (GS) reported stronger-than-expected earnings. But, since the financials jumped so much yesterday, investors locked in profits and traded the sector lower. GS slipped 1.9% for the day. However, energy stocks were very strong, as oil reached a new year-high at almost $78/barrel. Oil services were especially strong: SLB +4.16%, DO +3.35%, [...]
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