In the after hours, investors poured over earnings from Dell, hoping to gleen insights about the market and the economy from the computer maker's results.
There is a pattern to recessions. Aggregate demand declines, employment falls, production slows, and the economy contracts. Central bankers, focused on price stability and maximum employment, add liquidity (credit) to the system to counter the decline and stimulate growth. Risky assets whose very survival may have been questioned at the economic nadir, rebound with remarkable flourish as their near-death experience becomes a distant memory.
Is Tuesday's rally a bet on fundamental growth or a case of panic buying?
Shares of chipmaker Advanced Micro Devices Inc. rose more than 8 percent Monday after Citigroup upgraded the company to a "buy." Citigroup analyst Glen Yeung said the upgrade was based, in part, on signs of a stronger AMD relationship with Hewlett-Packard Co.
Dividend yields in the Dow index are down about a quarter of a point since early June and 165 basis points since early March, as equity markets continue to trend higher, pushing yields lower. Here is a look at the dividend yields of all 30 Dow components:
On a volatile week that ended with Fed Chairman Bernanke stating that the US economy is nearing recovery, positive housing data, and oil hitting 10 month highs; the Dow, S&P and NASDAQ once again close at new highs for 2009, and end up about 1.8% or better for the week.
First off, I thought I would share a little good news with you all. Farr, Miller & Washington, LLC ranked in the top 1% of all large-cap growth managers over the trailing 12-month period ended June 30, 2009, according to PSN Enterprises Database of large-cap managers. We are very proud to have achieved these investment results for our clients, and we are always looking for more clients to add to our ever-increasing rolls.
While real rebound in the economy is still uncertain, the best investments may be in stocks that pay investors to wait. Dividend plays are back in demand and Michael Crofton, CEO of Philadelphia Trust Company and Tim O’Brien, senior portfolio manager at Evergreen Utility and Telecommunications Fund said they should remain the core of any portfolio.
Compared to an average short interest of 2.2% for all Dow components, bets against these three companies stand at around 8%.
Hewlett-Packard needed to wow Wall Street and the company delivered the goods tonight, beating the Street by a penny a share with 91 cents on better than expected revenue of $27.45 billion against the $27.3 billion consensus.
When Hewlett-Packard reports its earnings after the bell tonight, it should go a long way toward keeping the optimism alive in the tech sector.
Could Apple, Research in Motion and Palm be the new Three Musketeers? RBC's wireless analyst Mike Abramsky certainly seems to think so in a compelling research note he released this morning.
If stocks are about to correct significantly, it's probably a smart time to make a shopping list. What are the Fast Money traders looking to buy at lower prices?
Dan Deighan, founder of Deighan Financial Advisors, and Rob Stein, managing partner at Astor Asset Management, explained their positions on the economy and shared their market outlooks.
The Consumer Price Index was unchanged for the month of July from June, while the core CPI rate, excluding energy and food, rose 0.1%. On a year-over-year basis, consumer prices were down 2.1%, marking their sharpest decline since 1950.
I'm looking at a spate of market research over the past few days, and when it comes to consumer electronics, it seems like some key companies might be on the verge of a break-out holiday shopping season.
There are signs that there’s pent-up demand forming for servers and storage and IT spending—demand which may come in 2010, said Craig Berger, senior technology, media and telecom analyst at FBR Capital Markets.
It's no secret that Applied Materials has suffered its fair share of difficulties during the deep and sustained economic morass gripping the tech community. Tonight however, the company might offer even more evidence that a turnaround in tech is real, and that a double dip might not occur.
Does today's pullback mean the end for the summer rally or will it be a small dip as the market moves upward?
Although markets have run quite far and could use a correction, Bill Smead, CEO and CIO of Smead Capital Management and David Joy, chief market strategist at RiverSource Investments said they are bullish about the markets. They shared their buying strategies with investors.