Paul Shread

Apple and eBay became the latest tech leaders to suffer investors’ wrath after warning that future results will come in below analysts’ expectations. Shares of the two companies were down 4-5% in late trading Wednesday. AMD fared much better — and also appears to be stealing market share at Intel’s expense. AMD reported quarterly earnings […]

Intel , IBM and Yahoo gave tech investors much to worry about late Tuesday when all three delivered disappointing fourth-quarter results. In after-hours trading, Yahoo shares fell 11%, Intel lost 7%, and IBM was down 1%. Intel was perhaps the biggest surprise, missing Wall Street expectations by just about every measure. The chip giant posted […]

The coming year will be an important one for grid computing, according to a report by The 451 Group. Major IT vendors have spent heavily promoting the technology, and with service-oriented architectures (SOA) and utility IT models also on the rise, “the expectation is that 2006 will be the year grid technologies start to cross […]

The S&P (first chart below) will start next week right on the 1280-1285 support zone — next week’s big earnings reports could be big indeed for market direction. To the upside, the S&P faces resistance at 1295-1300 and 1316. The Dow (second chart) hung onto its big support level at 10,920, and resistance is 11,000 […]

Stocks were little changed Friday ahead of earnings reports from several tech bellwethers next week. Given that Lucent warned, wholesale inflation spiked and retail sales were weaker than expected, the market’s ability to hold near the flat line was something of a victory for bulls. When traders return from the three-day weekend on Tuesday, they’ll […]

Crossroads Systems announced late Thursday that it is de-listing its stock from the Nasdaq stock market, citing “current and increasing regulatory burdens and costs.” The board of directors’ resolution cited “the burdens on management time, as well as increased costs for outside accounting and legal services caused by rules and regulations required of listed and […]

Back to support for the Dow and S&P (first two charts below), which haven’t gotten very far despite some solid breakouts. The Dow has important support at 10,920-10,960, and the S&P’s even bigger support level is 1280-1285. Resistance is 11,055 on the Dow and 1295 on the S&P. The Nasdaq (third chart) faces resistance at […]

Tech stocks had their first losing day of 2006 Thursday, as the Nasdaq’s seven-session winning streak ended in a broad sell-off. Tensions over Iran’s nuclear ambitions and downgrades to Coca-Cola and JP Morgan dragged the broader market to its first big loss of 2006. Uncertainty about fourth-quarter earnings reports, which begin in earnest next week, […]

The storage industry ended 2005 on a strong note, according to a survey of resellers by Robert W. Baird & Co. analysts. The financial research firm surveyed 85 resellers representing $18 billion in annual sales, and found that 40% were above plan, “one of the more positive quarters we’ve seen” in the last 18 months, […]

The Nasdaq reached a level Wednesday not seen since before the Sept. 2001 terrorist attacks, as tech stocks continued their new year’s winning streak with their seventh straight gain. The Nasdaq closed the day at 2331 — three points higher than its May 2001 high of 2328, which marked the index’s peak before a nearly […]

A nice performance by the bulls today: support held at the day’s lows, and buyers came in to push the indexes back to break-even. The one negative we’d note is that options sentiment got a little frothy today. The Dow (first chart below) was a little wobbly, but managed to hold onto 10,950-11,000 support today, […]

Shares of Apple rocketed 6% to a new high Tuesday after the company said its quarterly results will come in well above Wall Street estimates. Apple CEO Steve Jobs told the Macworld conference that the company’s sales came in at $5.7 billion, compared to analysts’ $5 billion forecasts. The results were driven by sales of […]