Paul Shread

Earnings from Cisco and Dell could play a pivotal role on Wall Street this week, and one analyst thinks investors may hear from HP sooner than expected. Cisco is expected to report earnings of 22 cents a share after the close on Tuesday, up from 19 cents in the year-ago quarter. Revenues are expected to […]

McData on Monday outlined plans for its merger with CNT, including dispensing with CNT’s director-class UMD switch in favor of McData’s Intrepid i10K. “UMD is a very innovative product, and the engineering team did an outstanding job,” McData CEO John Kelley said on a conference call. “We expect the Intrepid product will become more dynamic […]

Good old-fashioned moving average resistance appears to be stalling the market here, that and short-term overbought conditions. If the market can continue higher without much of a breather, that would be a good sign for the bulls, and the opposite of what we had at the start of the year, when oversold conditions couldn’t produce […]

Shares of McAfee jumped 14% Friday after the security software maker blew past analysts’ estimates. McAfee’s sales to consumers more than doubled in the first quarter, driving the company’s earnings to 27 cents a share, 8 cents better than analysts expected. Overall revenues climbed 7.8% to $236 million, nearly $20 million better than forecast. The […]

We continue to key on 1164 on the S&P (first chart below) — as long as that level holds, the market looks like it’s just taking a breather here, although the market does look pretty overbought ahead of tomorrow’s big jobs report. Resistance on the S&P is 1180, 1193 and 1200. The Dow (second chart) […]

RealNetworks rose 10% Thursday after the company surprised Wall Street with its first quarterly profit in three years. The online media company rode strong growth in its Rhapsody digital music service and games business to a 27% sales gain in the quarter. The company eked out an $814,000 profit, a number that would have been […]

A choppy rally so far, but it’s been strong enough to send the S&P and Dow (first two charts below) to some pretty impressive breakouts today. 1164 on the S&P (first chart below) is now critical support, and resistance is 1181, 1192 and 1200. The Dow (second chart) also took out some big resistance levels […]

Symantec and QLogic tried to do their part to keep a stock market rally going by posting better than expected results after the close on Wednesday. Symantec’s pro forma earnings of 25 cents a share and revenues of $713 million topped analysts’ forecasts, and forward guidance was also better than expected. But the stock slipped […]

The Globus Consortium has announced three new development projects for the Globus Toolkit, the de facto standard for grid computing, that the group hopes will speed enterprise adoption of open source grid computing technologies. The consortium, a non-profit organization backed by HP, IBM, Intel, Sun Microsystems, Nortel and Univa, is aimed at boosting enterprise adoption […]

The S&P (first chart below) remains the index to watch here: it was stopped at its main downtrend line today, but held support at its 200-day moving average. Resistance is 1167 for tomorrow, and support is 1156. The S&P and Dow (second chart) also may have completed a correction in a downtrend today, with two […]

With its stock down nearly 70% since mid-2003, United Online decided to make a big statement. The company initiated a stunning 9% quarterly dividend after the market close on Tuesday. The payout of 20 cents a share is about half the company’s annual cash flow of $100 million — and more importantly, is an expression […]

For the first time in two weeks, the indexes have put together back-to-back days in the same direction; what a volatile couple of weeks it’s been. The S&P (first chart below) returned to the critical resistance level of 1164 today, and just above that is the index’s main downtrend line at about 1168 for tomorrow; […]