After Intel's big beat earlier in the week, the pressure was on IBM to beat, and beat big, and the company answered. Big.
The numbers from Google are pretty stellar: the company reported $5.36 a share against the $5.05 consensus. That news came on better than expected revenue of $4.07 billion, versus the $4.05 anticipated.
Stocks closed higher after a staging a late rally triggered partly by positive comments from the economist known as "Doctor Doom."
Stocks were moving sideways...until midday, when famously bearish economist Nouriel Roubini came out and said that the "worst is behind us in terms of economic and financial conditions." The Dow rallied over 100 points on that news... A rally on that? But Roubini was famously bearish at the right moment several years ago, and is widely followed. Roubini less bearish is notable news.
Can IBM keep the good news coming with earnings after the bell tonight? Intel started all this, and there's every indication that IBM should help it continue.
Harris Private Bank chief investment officer Jack Ablin says there are signs the stock market just might be setting up for a big run up....One indicator he is watching is momentum.
Stocks are roaring this week. A 6 percent surge is being fueled by better-than-expected earnings — profits that make capitalism go. Earlier this morning, on the heels of stellar results from Goldman Sachs and Intel, JPMorgan Chase announced record net revenues that easily beat analyst estimates. The bank’s second-quarter profits rose 36 percent from a year earlier.
In our July 1 email blast, we speculated that after a nearly 100% rise in the S&P Financial Index from the March 9, 2009 lows, further strength in the overall market may have to come from a different sector(s). Well, as of right now, we're wrong.
The stock market decided it loved Intel's earnings report more than it loved my guess that we had to correct a bit more of the rally from the March lows. Intel's very solid earnings, and more important its outlook for the next quarter, caused the shorts to run for cover and the market averages rose about 3% across the board.
Intel reported a profit excluding one-time items that was lower than last year but which blew out analysts' expectations.
The first days of earnings season seem to have lit a fire under the stock market, but investors are wondering if this week's rally is for real or just a bunch of smoke.
Here’s the next tech stock that could blow away the numbers when it reports earnings.
The chipmaker wowed Wall Street with better-than-expected profits. The question now is – how do you play it?
By the closing bell stocks recorded their best three days of gains since the rally began in March. In fact the S&P 500 has gained 6.1% so far this week and it's only Wednesday.
Mike Williams of Genesis Asset Management and Douglas Roberts of ChannelCapitalResearch.com shared their investment strategies. (Part One)
Mike Williams of Genesis Asset Management and Douglas Roberts of ChannelCapitalResearch.com shared their investment strategies. (Part Two)
Stocks closed sharply higher as a day-long rally gained steam after the Federal Reserve said the recession would end soon but that unemployment will continue rising.
Opinions about today's rally are all over the map: 1) it's an options squeeze, and 2) hedge funds have been caught short. Regardless, the good news is the rally is being fueled by far more than Intel.
Intel's earnings results have set the state for the next leg of the chip rally, said Craig Berger, senior technology analyst at FBR Capital Markets — but he says investors can do better.
Virtually every positive story for the U.S. market today can be linked back to China and Premier Wen Jiabao's stimulus plan. How can you ride the China wave?