Paul Shread

Travelzoo lost a quarter of its value Monday after the company missed Wall Street estimates and said the SEC is looking into insider trading in the company’s stock. The company reported fourth-quarter earnings of 9 cents a share, but that was four cents below Wall Street estimates, as the company got hit by costs from […]

Some of the top tech names are launching a new industry group dedicated to commercial use of the open-source Globus Toolkit, the de facto standard for grid computing. HP, IBM, Intel and Sun Microsystems announced the formation of the Globus Consortium on Monday. HP, IBM, Intel and Sun Microsystems are Sponsor Members of the Globus […]

eBay finally found buyers on Friday, but the rest of the market remained under pressure, sliding to new lows for the year. eBay regained 3% of Thursday’s 19% plunge after Legg Mason upgraded the stock from “hold” to “buy” and set a $100 price target. While eBay will likely continue to face pressure in the […]

The Dow and S&P (first two charts below) are the last hope for the bulls here, but they could bounce 2% and still be forming major head and shoulders tops here. The most important support here is 10,450 on the Dow; below that, 10,417 could provide support, but it would be hard not to call […]

There’s an old saying on Wall Street that trees don’t grow to the sky, but eBay came pretty darn close. Until last night, that is. eBay began to look like a mature business for the first time in the fourth quarter, and investors responded by sending shares of the online auction king 19% lower on […]

So much for the first winning streak of the year. The Nasdaq (first chart below) broke yet another uptrend line today, so any semblance of an uptrend from August is now gone. 2040-2060 (2050) is the next support range, and resistance is 2083. The S&P (second chart) has support at 1175, 1172, 1168 and 1160-1163, […]

Shares of eBay plunged more than 10% in after-hours trading Wednesday after the company’s earnings came in shy of Wall Street estimates. eBay’s fourth-quarter earnings of 33 cents a share missed analysts’ estimates by a penny, a rare miss for the online auction king. Sales rose 44% to $935.8 million, ahead of $934.36 million forecasts. […]

Finally, the first winning streak of the new year. The S&P (first chart below) broke out of a two-week trading range on strength in financial stocks. Resistance is 1200, 1205, 1210-1212 and 1218, and 1189 should now be support. The Nasdaq (second chart) has resistance at 2114 and 2120, and support is 2095-2100 and 2080. […]

IBM and Yahoo beat Wall Street estimates with room to spare after the close on Tuesday. Big Blue’s earnings of $1.81 a share topped forecasts by a nickel, and revenues rose 6.8% to $27.67 billion, also exceeding consensus estimates. Software and services revenues were stronger than expected, and the company said 2005 estimates are “reasonable.” […]

Hoping to reverse storage switch market share gains by Cisco and Brocade , McData announced the acquisition of WAN connectivity specialist Computer Network Technology on Tuesday. McData called the acquisition “a major acceleration of its Global Enterprise Data Center strategy.” The all-stock transaction was valued at $235 million in equity and debt. “The opportunity to […]

The Nasdaq (first chart below) gets points for resilience; the techs are once again trying to rebuild their August uptrend line. But once again, we need to see follow-through, which has been in short supply in recent weeks. Resistance on Tuesday will be 2095-2100 and 2114, and support will be 2077 and 2066. The S&P […]

IBM and Yahoo lead a list of big names reporting quarterly results after the close on Tuesday. Big Blue is expected to earn $1.76 a share, up from $1.56 a year ago, on sales of $27.45 billion. Yahoo, meanwhile, is expected to earn 11 cents a share, a nickel better than a year ago, on […]