Paul Shread

Shares of McAfee lost nearly 5% Friday despite better than expected results, as accounting issues continue to weigh on the company. McAfee’s pro forma earnings of 23 cents a share beat Wall Street estimates by a penny, and revenues of $244.5 million were well above estimates. The company also raised guidance above expectations, but the […]

The Nasdaq (first chart below) battled back above the important 2040 level today, which should now be support. If the techs can’t hold there, 2023 and 2008.7 come back into play. To the upside, 2060 and 2080 are the next resistance levels. The S&P (second chart) has support at 1190-1194, and resistance is 1205 and […]

A warning from FindWhat and downgrades to Google and Yahoo kept Internet stocks on the sidelines of a rally on Wall Street Thursday. FindWhat plunged 18% after the company warned that its first quarter earnings will be 12-15 cents a share on revenues of $55-$59 million, below Wall Street forecasts of 20-cent earnings and $67 […]

The Nasdaq (first chart below) couldn’t get past the first resistance level at 2040 today. If it can, 2050 and 2060 are above that. 2008.7 is the next major support level. The S&P (second chart) has resistance at 1194, 1200 and 1205, and support at 1184-1185 and 1177.5. The Dow (third chart) has support at […]

Intel’s sales growth will slow this year, pressured by broader economic trends, a Standard & Poor’s analyst predicted on Wednesday. S&P analyst Amrit Tewary lowered the firm’s chip sales growth forecast for Intel from 8% to 5% for 2005, predicting slower PC and handset sales due to slow job growth, rising interest rates and higher […]

They’ve been talked about and written about for years. Standards groups have fussed over every last detail, industry associations have sponsored endless interoperability demos, and vendors have jockeyed for position with competing prototype announcements. Now the products are actually starting to hit the market. We’re talking about new storage technologies such as 4 gigabit per […]

Things sure turned ugly today. The CPI report is on tap for tomorrow, but it’s hard to see it as much of a positive either way: either companies are eating cost increases, which will hurt profits, or they’re passing them onto consumers. Should be an interesting morning seeing how the market reacts. The Nasdaq (first […]

News that Shanda Interactive had taken a big stake in Sina.com re-ignited takeover speculation in Chinese Internet stocks on Tuesday. Shares of Sina surged 11% after the company revealed that Shanghai-based Shanda and its controlling shareholder had taken a 19.5% stake and could made a bid to acquire the company. Sina also announced that it […]

Investors have been hard to please even on good earnings reports lately, but Friday was a pleasant exception. Priceline and Intuit both gained on the day despite offering guidance that was somewhat less than analysts had been expecting. And companies whose results and guidance were better than expected, like Salesforce.com and Nvidia , were rewarded […]

The Dow and S&P (first two charts below) broke short-term uptrends today, and the Nasdaq (third chart) fell back into its recent downtrend, as the market is running into difficulty as it approaches its yearly highs. The Dow has major support in the 10,650 zone, and resistance is 10,868. The S&P has support at 1194-1196 […]

Much better than expected results from HP failed to inspire investors on Thursday, as stocks were battered on worries about rising interest rates and Mideast tensions. HP itself ended the day down 1% despite results and guidance that beat Wall Street expectations. HP also announced that it had hired executive recruiting firm Russell Reynolds to […]

HP surprised Wall Street after the close on Wednesday with much better than expected results and guidance. The results came as a pleasant surprise after last week’s ouster of CEO Carly Fiorina. HP’s earnings of 37 cents a share topped estimates by 3 cents, and revenues rose 0.3% to $21.45 billion, beating estimates by $500 […]