Paul Shread

Stocks are going to need more support from long-term interest rates (first chart below) if they’re going to make a sustained advance. Watch that trendline on the 10-year for clues; yields remain on the wrong side of that line. The Nasdaq (second chart) may be headed back to the critical 2040-2050 support zone, and 2073 […]

Even Microsoft isn’t immune from the disappointing results that have plagued companies this quarter. Normally the steadiest of companies, Microsoft reported fiscal first-quarter earnings late Thursday that were just above analysts’ estimates, but the company’s sales and guidance both came in below Wall Street’s expectations. Microsoft’s earnings of 31 cents a share were a penny […]

Intel unveiled a new storage platform Thursday aimed at making it easier for small and mid-sized businesses (SMBs) to improve their disaster recovery and backup capabilities. Hans Geyer, vice president and general manager of Intel’s Storage Group, called the new offerings “a simple, affordable solution based on a flexible set of standards-based building blocks that […]

A big breakout in treasury yields (first chart below) is not the best of signs for equity investors. The best thing for stock market bulls right now would be to see the 10-year yield back below 4.55. The Nasdaq (second chart) has resistance at 2122, 2130 and 2140-2148, and support is 2090-2093 and 2073. The […]

Third-quarter earnings continue to be a mixed bag, with Lucent and Baidu.com the latest firms to feel investors’ wrath for results that weren’t quite up to expectations. Shares of Lucent lost 5.8% Wednesday after the telecom equipment company’s sales of $2.43 billion were up only slightly from the year-ago quarter and below what analysts were […]

Overland Storage unveiled its first primary storage offerings this week, as the company continues to remake itself in the wake of sliding tape sales and the loss of its OEM relationship with HP. Overland appears determined to go it alone, fending off overtures from ADIC and announcing ambitious plans to compete with Network Appliance in […]

Investors hoping for a strong holiday shopping season got a lump of coal from Amazon.com late Tuesday. Amazon reported third-quarter earnings and sales that beat Wall Street estimates, but the company’s fourth-quarter guidance was lower than analysts were looking for. Pro forma earnings of 12 cents a share for the third quarter were two cents […]

EMC on Tuesday announced a broad archiving strategy — and completed it with the acquisition of enterprise report management (ERM) firm Acartus. At its Momentum 2005 conference in Las Vegas for Documentum business partners and customers, EMC said it plans to offer customers “a holistic set of archiving policies and access tools for all information, […]

Some nice moves by the bulls today, and on significantly improved breadth and buying pressure. Not enough to declare a definitive bottom, but enough to be hopeful entering the most positive period of the year for the market. The Nasdaq (first chart below) took out a lot of resistance today. Next up are 2130, 2140 […]

Texas Instruments posted third-quarter results that beat Wall Street’s estimates late Monday, but the chip giant’s forecast left a little to be desired. TI’s pro forma earnings of 42 cents a share beat estimates by 2 cents, and sales rose 10% to $3.59 billion, topping $3.55 billion forecasts. The company also boasted rising margins and […]

We’re finally getting some good technical signals out of the bond market (first chart below). Now all we need is equity investors to step up. The worst of the market’s seasonality begins to pass as of Monday, so perhaps buyers will soon be emboldened. The Dow (second chart) remains in a steepening downtrend here. First […]

Shares of Google soared to a new all-time high Friday on third-quarter earnings and sales that crushed Wall Street estimates. Tech stocks rode Google’s coattails to solid gains on the day, while blue chips stumbled on a dismal earnings report from Caterpillar . Google soared 12.1% to $339.90, eclipsing the stock’s previous high of $321.28, […]