Paul Shread

Texas Instruments gave its mid-quarter financial update after the market close on Monday, and the company’s outlook left some investors feeling a little disappointed. TI said it expects second-quarter sales of $3.36-$3.51 billion, leaving room to disappoint Wall Street analysts’ expectations of $3.46 billion in revenues. The chip giant’s earnings forecast of 40-44 cents a […]

A sharp rebound today, but not quite enough upside volume for an all-clear signal. Still, yesterday was the first time that both downside volume and declining issues reached 90% on the NYSE since Oct. 27, 1997, so some sort of bounce was due. We wouldn’t be surprised to see a retest of the lows, or […]

All-time highs continue to be a big problem for the market, whether it’s the Dow, Wilshire or S&P — all three have now caused significant pullbacks in the market in the last year. The S&P doesn’t have too much time left before the weakest months of the year, so if it can’t clear 1527.46-1552.87 with […]

Stocks plunged for a third straight day Thursday after long-term treasury yields soared above 5% for the first time since last summer. The sell-off began Tuesday after comments from Federal Reserve Chairman Ben Bernanke suggested that the Fed isn’t inclined to cut interest rates to boost the economy, and stronger than expected economic data and […]

Xiotech has unveiled an appliance that the company says gives corporations an easy answer to compliance and e-discovery demands. Xiotech’s CEMS, or Corporate Evidence Management System, can store from 2 to 6 terabytes of captured documents, handling anywhere from 10,000 to 80,000 documents a day, with de-duplication technology available in the larger unit. CEMS “proactively […]

Another rough day for the bulls, but we’d prefer to note the positives here: a nice spike in puts and the volatility index (first two charts below) and the Nasdaq (charts three and four) nearing a buy signal under Gerald Appel’s Nasdaq-NYSE relative strength ratio. Some nice underpinnings that will support the market when it […]

An interest rate hike in Europe and falling productivity and rising labor costs in the U.S. had stocks on the defensive once again on Wednesday. Morgan Stanley also made a bearish call on European stocks, fueling overseas selling that had U.S. futures in the red even before the U.S. Labor Department’s productivity data added to […]

Data Robotics hopes to simplify storage with what it calls “the first fully automated storage robot.” The company, the brainchild of BlueArc founder Geoff Barrall, says its “Drobo” offering protects data while providing scalability and easy expansion. Drobo limits human interaction and is self-monitoring, self-healing and intuitive, the company says. Aimed at consumers and small […]

A tough day for the bulls today, and the market will be vulnerable to more like it until it can push through the S&P’s 2000 peak of 1527.46-1552.87 with some conviction. On the plus side, the Nasdaq’s outperformance (first two charts below) has it nearing a buy signal, and we even got a nice little […]

Upbeat comments from Federal Reserve Chairman Ben Bernanke and a strong services sector reading dashed hopes for interest rate cuts on Tuesday, sending bond yields soaring and stocks tumbling. Any hope that the Fed might cut interest rates to stimulate the economy dissipated when the Fed chief said he expects the economy to rebound from […]

The storage market continued to grow in the mid-single digits in the first quarter, continuing a slowdown that began in the fourth quarter of 2006, according to Gartner, but NetApp remained a bright spot. Worldwide external controller-based disk storage revenue totaled $3.8 billion in the first quarter of 2007, a 4.8 percent increase over the […]

An impressive showing by U.S. markets the last couple of days, finishing with modest gains under the same conditions — a sell-off in Chinese stocks — that threatened the bull market in February. Commercial futures traders took some profits in the big S&P futures contract last week and added to the short side, but those […]