The markets have staged an impressive two-day rally on stronger GDP and durable goods; lower oil, natural gas; stronger financials. But the disappointing showing from Dell is a reminder that the global economic slowdown is not going away. If you are not confused, you're not paying attention.
Stocks advanced Thursday after second-quarter GDP was revised to show growth was more robust than first thought and oil receded to around $118 a barrel after earlier topping $120.
Software companies pay hundreds of millions of dollars to PC makers like Hewlett-Packard to install their photo tools, financial programs and other products, usually with some tie-in to a paid service or upgrade. With margins growing thinner than most laptops, this critical revenue can make the difference between profit and loss for the computer makers, says the New York Times
Stocks opened higher Thursday after the second reading on second-quarter GDP showed growth was more robust than first thought. Tropical Storm Gustav, which is readying to move back to hurricane status and heading toward the Gulf Coast, continued to hover over the market and bump up oil prices.
Thursday's markets will be quiet, but there are a few important undercurrents investors are watching.
Investors are placing bets on Dell ahead of earnings Thursday. What should you expect?
Before your next trade find out... how to trade Dell ahead of earnings... how to trade oil in the week ahead... and whether commodities, banks and stocks can all trade higher at once!
The traders reveal how to trade... Hewlett Packard earnings, the cyclical nature of oil and the volatile solar stocks.