When Intel wrote a check to the European Union last quarter for $1.4 billion dollars after having been found guilty of abusing its chip industry monopoly, it led to the first quarterly loss the company had reported in 23 years.
On a week where the US markets once again hit new highs for 2009, and the 4th consecutive week of gains helped by the better-than-expected jobs report, the major indexes are all up about 2% or greater for the week, except for the NASDAQ which ended up only about 1% for the week.
Silicon Valley is once again re-inventing itself, and the timing is excellent. These have been brutal months for so many tech workers here, with big companies like Intel, Google, Yahoo, Cisco, Microsoft, National Semiconductor and dozens of others slashing tens of thousands of positions. It has been gut-wrenching to watch.
As of today, over 80% of the S&P 500 companies have reported earnings. Here's a look at which companies have had the biggest surprises so far...
It will take a couple of years to grow back into last year’s peak semiconductor sales levels, but there’s a good chance that sales will top forecasts this year, said George Scalise, president of the Semiconductor Industry Association.
US markets hit the highest levels of 2009 enforcing a summer rally, and turned in the best July since 1989 for the Dow, and 1997 for the S&P and Nasdaq. Additionally, July was the best monthly performance for the Dow since October, 2002, and April, 2009 for the S&P and Nasdaq.
Let’s call this what it is: A new bull market in stocks has emerged from the ashes of the financial meltdown and the deep recession that followed. And it’s signaling the onset of economic recovery.
As of yesterday afternoon, ~50% of the S&P 500 companies had reported earnings. Here's a look at which companies have had the biggest surprises so far...
If history is our guide, then yes, Cramer says. Find out how to play it.
These are the stocks that will work – and those that won’t – when the market pulls back.
This was a strange earnings season. But it has been a remarkably strange economy. But when you look at the big names in tech, including Intel, IBM, Apple, Google, Yahoo, eBay, Microsoft, and the big names on Wall Street, there was a bizarre disconnect over what was expected, and what was realized.
There is no doubt that something has to be done about the rising cost of health care in the United States. The status quo is a recipe for disaster and, considering the gigantic federal deficit, the last thing the United States needs is an even larger anchor on fiscal health.
Our traders are good but you knew that! Check out their latest picks that paid in a regular feature we call "Quicker Than The Ticker."
Conflicting information about the outlook for technology has left many investors confused. The traders along with Juniper’s CEO sort it out!
All the major US indexes were up 4% or greater for the week, after closing roughly flat for the day on Friday. The Dow crossed and remained above 9,000 on Friday, posting its best 2-week percent gain since late March 2000.
As of yesterday afternoon, just over 30% of the S&P 500 companies had reported earnings. Here's a look at which companies have had the biggest surprises so far...
And that’s just one stock in a sector that he thinks will continue to move higher.
Microsoft's fiscal fourth quarter was ugly. No two ways about it. The company missed on the top by a staggering $1.25 billion, reporting $13.1 billion against the $14.38 billion consensus. It's an enormous miss, and stunning to many analysts covering the company.
Technology is the only area where companies are beating revenue estimates and it is where investors should be positioned, said Mark Demos, portfolio manager at Fifth Third Asset Management.
They’ve come a long way in 12 months. Here’s an up-to-date snapshot of where they are now.