Paul Shread

Monster Worldwide benefited from the improving job market in the first quarter, but not as much as investors hoped. The online help wanted firm reported earnings of 11 cents a share after the close on Tuesday, a penny better than expected, and revenues also topped forecasts, but the stock declined two points after hours, as […]

The Grid computing market is “on the verge of major expansion,” according to a new IDC report. The worldwide Grid computing market is expected to exceed $12 billion in revenue by 2007 across high performance computing (HPC) technical markets and commercial enterprises, IDC says. “We believe that Grids hold significant potential as the next step […]

Google may be moving closer to an IPO. The Wall Street Journal reported today that Google has hired CS First Boston and Morgan Stanley as the lead underwriters for the company’s highly anticipated IPO, and an SEC filing on the offering could come as soon as this week. Because of its size and number of […]

LSI Logic Storage Systems has rolled out its first email product, a LogicStor email management solution for Microsoft Exchange. The Milpitas, Calif.-based storage firm also debuted a new LogicStor Solutions Program to help businesses address growing email management issues. With email management needs growing thanks to new laws and regulations requiring email storage and archiving, […]

The Nasdaq (first chart below) ran into its downtrend line at 2059 today and turned back. That line should be at 2057-2058 tomorrow. If the index can clear it, 2079 and 2088-2095 are next. Support levels are 2030-2032, 2020, 2008 and 2000. The S&P (second chart) managed to clear its downtrend line today, only to […]

It’s been a tough earnings season, and no two stocks demonstrate that better than Microsoft and Amazon.com , two market leaders that took very different paths on Friday. Microsoft surged 6% on its strongest quarter in years, while Amazon fell 5% on forward guidance that was so wide that investors took it as a sign […]

The rally continues to be very selective, with another day of poor internals. As long as that continues, any rally will be vulnerable. The Nasdaq (first chart below) faces resistance at 2059-2060, 2079, and 2088-2095, and support is 2043-2044 and 2033-2035. The S&P (second chart) faces tough resistance at 1142-1143, and 1150, 1157, and 1160-1163 […]

A nice start to the rally today, but it comes with a big caveat: be careful out there. The rally has become very selective, witness the Nasdaq’s paltry 72% upside volume today; we prefer to see strong up days accompanied by 80% upside volume, which only the NYSE delivered today. That said, we’d have to […]

Microsoft posted its strongest quarter in years after the close on Thursday, but Amazon dampened spirits somewhat with lukewarm guidance. Microsoft’s earnings of 34 cents a share beat estimates by a nickel, and revenues of $9.18 billion beat $8.67 billion forecasts. The company also raised forward guidance, and the stock gained 5% after hours. Microsoft […]

Serial ATA speeds will double under the SATA II specification finalized this week by the Serial ATA Working Group at the Intel Developer Forum in Barcelona, Spain. It will take about a month to ratify the spec, and the first 3Gbps SATA II products will appear by the end of the year, according to Intel […]

The Nasdaq (first chart below) had its third backtest of its old downtrend line in four days. So far that support is holding, but now the index needs to turn up. Support for tomorrow is 1967-1970, and resistance is 2000, 2010-2015 and 2032. The S&P (second chart) has support at 1115, 1110 and 1098-1102, and […]

eBay became the latest tech giant to deliver better than expected results after the close on Wednesday. eBay’s earnings of 31 cents a share beat estimates by a nickel, and revenues of $746.2 million bested $716.2 million forecasts. The company also raised its full-year outlook. Shares of eBay gained two points after hours. Also after […]