Paul Shread

Stocks tumbled again Friday on growing credit market fears after a Bear Stearns executive said the current fixed income market turmoil is among the worst of the last two decades. Stocks were already struggling under the weight of a weaker than expected jobs report when the comments from Bear CFO Sam Molinaro hit the wires […]

The bulls have yet to put together a convincing rally. Perhaps Friday will be a different story, but so far the weak action — uninspiring internals despite triple-digit gains in the Dow — suggests that a retest of the lows may still lie ahead. On the plus side, options traders are showing plenty of skepticism, […]

Better than expected earnings from Nokia and the acquisition of CheckFree helped boost tech shares Thursday, while solid results from Disney sent the broader market higher. Nokia’s shares soared more than 8% to a five-year high after the company’s earnings and margins blew past analysts’ estimates. CheckFree, meanwhile, saw its shares surge more than 23% […]

Clustered network attached storage (NAS) vendor ONStor has closed on a $27 million mezzanine round of funding. New investor Sand Hill Capital joined existing investors Foundation Capital, Mayfield Fund, ComVentures and Worldview Technology Partners in the final round of funding, which ONStor said was at a “significant increase in corporate valuation.” ONStor CEO Bob Miller […]

Another rally attempt by the bulls today. Have we finally had enough of a shakeout to get a good rally? We need to see some upside follow-though this time — and preferably in the form of a 90% upside volume day to give us an “all clear” signal. On a down note, the mild positive […]

Despite some positives, like heavy selling that is more suggestive of a bottom than a top, the bulls just can’t get going here, squandering another opportunity today. On the plus side, monthly inflows should support the market for a few more days, but we otherwise will likely continue to get volatility until the market can […]

An early rally on better than expected earnings reports from Sun Microsystems and GM gave way to another steep sell-off Tuesday on news that American Home Mortgage Investment is facing bankruptcy because of mortgage losses. The news suggested that mortgage troubles are spreading outside the subprime market, giving investors yet another reason to fear growing […]

Sun Microsystems late Monday delivered a profit report that was better than Wall Street analysts had hoped for, sending its shares 10% higher in late trading. Sales were up slightly from the year-ago quarter to $3.84 billion, in line with expectations, but it was on the bottom line where Sun really shone. The company’s earnings […]

Brocade’s merger with McData was just enough to give the Fibre Channel switch maker the lead in the high-end modular storage switch market, according to Dell’Oro Group’s first quarter 2007 SAN Report. Brocade sold $95.4 million of high-end SAN switches in the first quarter of 2007, good for a 51.1 percent share of the market […]

About the only good news is that we have monthly inflows to support the market next week. While we’ve had some very intense selling, we now need equally strong buying to cement a bottom, and that must occur by Thursday (within a week of the last 90% downside day) to be a good signal, according […]

Another day of intense selling, as we’ve now had three days in the last two months where both declining issues and volume have approached 90% on the NYSE, a pretty rare event. While that will lead to a good bottom eventually, at this point we’ll probably need an equally impressive 90% upside volume day for […]

Stocks plunged Thursday on growing fears that the subprime mortgage market meltdown is creating a tighter lending environment, crimping leveraged buyouts and threatening to slow the broader economy. Expedia , Daimler Chrysler and Tyco are some of the names that have run into financing difficulties in recent days, creating fear that the leveraged buyout craze […]