Paul Shread

Technology shares led a broad stock market rally on Tuesday, with Yahoo and Apple two of the biggest movers. Meanwhile, suggestions that the Federal Reserve will cut interest rates when it meets in two weeks and solid sales at GM paced the broader market. Yahoo shares surged 5.5% after Bear Stearns made the company its […]

Diligent Technologies scored a big win today, announcing that Sun Microsystems will resell its ProtectTIER virtual tape library (VTL) and de-duplication offerings. The deal had industry watchers wondering about the future of Sun’s OEM relationship with VTL leader FalconStor, but Sun said in a statement that “the Diligent relationship does not change the Sun commitment […]

Stocks soared Friday on hopes that government intervention can help stabilize the meltdown in the subprime mortgage market. President Bush outlined a plan to help keep subprime borrowers from foreclosure, and a much anticipated speech by Federal Reserve Chairman Ben Bernanke kept alive hopes for a Fed rate cut next month, sending stocks surging. At […]

Dell posted better than expected quarterly results late Thursday on strong enterprise sales and favorable pricing. With average selling prices on the rise and component costs falling, Dell’s pro forma earnings of 35 cents a share easily topped Wall Street analysts’ expectations of a 31-cent profit. Sales rose 5% to $14.77 billion, topping $14.63 billion […]

Much depends on Fed Chairman Ben Bernanke striking just the right tone Friday morning, but at least the market will have monthly inflows and a pre-holiday positive bias on its side, plus a whole lot of panic selling in the last month that suggests sellers may be running out of steam. With the market entering […]

We now have our second 90% downside/upside volume combination on the NYSE this month, adding to the case for a significant bottom here, as sellers have now been washed out twice only to come rushing back in to buy. The only note of caution here is that we are entering the weakest month of the […]

Stocks made up most of Tuesday’s steep losses Wednesday on hopes that the Federal Reserve will cut interest rates when it meets next month. A letter from Fed Chairman Ben Bernanke to Democratic Senator Charles Schumer of New York said the Fed is “prepared to act as needed” to keep the credit market crisis from […]

Well, bears may not have much time until monthly inflows kick in later this week, but they’re certainly making the most of what they have. There’s lots of economic data beginning Thursday — GDP, PCE inflation and Chicago PMI, to name a few — plus Dell’s earnings Thursday night and a now much-anticipated speech by […]

Falling home prices and consumer confidence sent stocks plunging on Tuesday, evidence that fears of a crippling credit crunch remain front and center for investors. Selling worsened after the afternoon release of Federal Reserve meeting minutes that showed the Fed remains hawkish on inflation, but the minutes were from August 7, 10 days before the […]

News that existing home sales continued to fall last month sent stocks lower on Monday and overshadowed some big merger news in the technology sector. The decline in home sales revived fears that the housing slowdown and accompanying credit crunch could slow the broader economy. The news kept the Nasdaq on the defensive all day […]

Stocks pulled back on lower volume today, and they were certainly due. While some test of the recent lows wouldn’t be out of the question, we’re not sure the market has the time to accomplish that here, with monthly inflows set to support the market later this week. The Nasdaq (first chart below) should have […]

The Nasdaq and S&P (first two charts below) broke their downtrends today in strong fashion, and the Dow (third chart) is knocking on the door. Perhaps the most interesting thing about the rally is we had a very high-volume one-day reversal with no pullback to speak of at all — buyers haven’t been given much […]