Paul Shread

Unexpectedly strong earnings reports from Amazon.com and KLA-Tencor boosted technology shares on Wednesday. Amazon shares soared 12% on stronger than expected earnings and revenues, and the company’s forward guidance and commentary suggested that margins will begin to improve and technology and content investment begin to taper off. KLA sent the chip sector 2% higher after […]

Shares of Amazon.com soared 10% in after-hours trading Tuesday after the company handily beat Wall Street estimates. Amazon’s sales rose 24% to $2.31 billion, ahead of $2.25 billion estimates. Earnings of 5 cents a share were down 2 cents from the year-ago quarter, as the company continued to invest in technology and content, but still […]

The Dow’s historic run-up continues — and has even been accelerating in the last month (see first chart below). This kind of strength in what has traditionally been the weakest months of the weakest year of the four-year cycle is virtually unprecedented; even the glorious 1950s saw corrections and consolidations at this time of year. […]

Texas Instruments fell in late trading Monday on results and guidance that were below Wall Street forecasts. The company’s sales grew 2% from the year-ago quarter to $3.76 billion, but that was below $3.8 billion estimates, and the company’s December quarter sales outlook of $3.46-$3.75 billion was below $3.81 billion forecasts. The company noted that […]

Google shares soared 8% Friday after the search giant once again trounced Wall Street estimates. Google shares gained more than $33 to close near $460, just $15 from the stock’s all-time high, after the company once again shone in a quarter when rival Yahoo failed to live up to Wall Street’s expectations. Google’s big gains […]

A record today, but an unimpressive one, with chips and financials down, but at least Transports were up. That could mean that the rest of the market will now play catch up to the Dow, but it’s just as likely that we’ll finally see a bit of a correction. The history of big round numbers […]

Google put an exclamation point on the Dow’s first-ever close above 12,000 with another blow-out quarter. Google posted 13% sequential sales growth (after traffic acquisition costs) to $1.87 billion late Thursday, $50 million above Wall Street estimates, and earnings of $2.62 a share were 20 cents better than expected. Year-over-year sales growth was 80% and […]

Gear6 hopes to boost NAS performance with a first-of-its-kind centralized storage caching solution. The startup says it is the first to deploy high-capacity, high-performance cache as a scalable shared network resource, allowing data to be accessed and shared by multiple applications and hundreds or thousands of clients. The result is a dramatic acceleration of applications […]

Stocks held up well today after getting rejected at Dow 12,000, but once again the rally has narrowed, with techs, financials and Transports all down today, a sign of a tiring (and very overbought) market. The Dow (first chart below) faces resistance at 12,050-12,060, while support is 11,950, 11,880, 11,800 and 11,775. The S&P (second […]

Apple and eBay benefited from better than expected results after the close on Wednesday, but AMD shares got battered on worries about the company’s price war with Intel

The market’s ability to fend off sellers remains impressive, but with an extremely overbought market, we suspect that significant upside will be tough to come by until some of that overbought condition is relieved. 12,000 remains the big lure for the Dow (first chart below), while support is 11,880, 11,800 and 11,750. The S&P (second […]

IBM and Intel gave technology investors something to cheer about with better than expected quarterly results late Tuesday, but Yahoo and Motorola disappointed Wall Street with their results. IBM shares soared 5% in late trading after the company reported earnings of $1.45 a share, a dime better than expected and up 19 cents from the […]