Paul Shread

Wi-Fi has become the theme for the IPO market lately. First iPass took the plunge a week ago. And today NetGear braved the IPO waters. But while Wi-Fi may be hot on Wall Street, IPOs remain risky plays for investors. NetGear priced at $14, 40% higher than the company was initially aiming for. It then […]

Some major news is headed the market’s way in the next two days. Will it be enough to break the market out of its narrowest trading range in at least five years (according to Bollinger Band width, that is)? With second-quarter GDP tomorrow morning, and July unemployment, Michigan sentiment and ISM manufacturing on Friday, the […]

It was one of those rumors that circulates on trading floors every day, but because it’s a slow trading day in late July, we’ll report it. And because it involves serial Internet company acquirer InterActiveCorp , there might be a smidgen of truth to it. Anyway, DoubleClick spiked 5% Wednesday on rumors that it could […]

Still waiting for a break from the trading range. The Dow and S&P (first two charts below) put in something of a bearish “evening star” reversal pattern the last three days. Will it work, or lead to just another whipsaw? It won’t take much of a move to find out. The Dow is trapped in […]

LookSmart surged 15% after hours on Tuesday after beating estimates and raising guidance. Second-quarter earnings of a penny a share beat analysts’ estimates by a cent, and an 83% jump in revenues to $38.4 million topped estimates by $3 million. Third-quarter and full-year revenue guidance also exceeded expectations. With Yahoo’s acquisition of Overture narrowing the […]

The Dow and S&P (first two charts below) remain in the narrow trading ranges they’ve been stuck in for the last two months, while the Nasdaq (third chart) continues in its month-old range. The Dow has perhaps the clearest boundaries: 9352 is major resistance, and the rising trendline at 9125 is critical support. The S&P […]

Anyone looking for a reason behind the spectacular rise in Chinese Internet stocks this year need look no further than NetEase.com . NTES may look pricey at 108 times earnings, but that price-to-earnings ratio will come down after tonight, when the company beat estimates by 4 cents a share with 28-cent earnings. And with 259% […]

Might as well use the same line we used after yesterday’s sell-off: Another day, another reversal, only this time back up. Is the market ready to break out of its trading range at last? If the Dow (first chart below) can clear 9352, the answer is likely yes. Above that, 9470, the 50% retracement of […]

One by one, former Internet leaders appear to be making a comeback. Except for a brief period in 2000, eBay never left. Amazon began its comeback late in 2001, and Yahoo followed a year later. Priceline , which finally began to take off in the first quarter of this year, drove home its comeback with […]

VERITAS used the occasion of its quarterly earnings report to let analysts know it’s not afraid of the competitive threat posed by the EMC/Legato merger. “Legato is still very much the number four player and pretty much irrelevant in that market,” VERITAS CEO Gary Bloom told analysts on the company’s conference call. VERITAS enjoys a […]

Another day, another reversal; extreme volatility within a very narrow range is about as tough as it gets. The Dow (first chart below) cleared 9200-9250 resistance today, only to get stopped at an old high at 9280. 9075 is critical support. The Nasdaq (second chart) put in a nasty bearish engulfing candlestick today. 1690 and […]

eBay beat earnings and revenue estimates after the close on Thursday, but the stock fell 5 points after hours because traders wanted more. Pro forma earnings of 37 cents a share beat analyst estimates by 2 cents, and revenues rose more than 90% to $509.3 million, $5 million ahead of estimates. eBay also raised full-year […]