Samsung echoes Apple’s revenue warning; tech sector shrugs
Overnight Samsung Electronics announced that for the quarter that ended in December quarterly profit and revenue missed estimates on sputtering demand for memory chips. Operating income fell to 10.8 trillion ($9.6 billion) won for the South Korean giant. That was well...
U.S. stocks roar back this afternoon–what’s that all about?
U.S. stocks after being deep in the red this morning, came roaring back this afternoon. Or at least technology shares did. The Standard and Poor's 500, which had been as low as 2583 today, climbed back to close at 2637. The swing from high of the day to low was a huge...
Retail doesn’t ride to the rescue today–Target and Kohl’s send sector lower
The hope among some in the Wall Street crowd was that today's earnings reports from retailers such as Target (TGT) and Kohl's (KSS) --and especially guidance for the Christmas shopping quarter to come--would end the plunge in the U.S. stock market for at least a day....
Today this looks increasingly like a market in sector rotation
The major U.S. indexes opened the day strongly lower on disappointing earnings news and guidance from Amazon (AMZN) and Alphabet (GOOG) after the market close yesterday. But the markets reversed in the morning going--the low for the day for the Standard & Poor's...
Tech stocks lead market higher on Apple effect
Apple (AAPL) shares are up strongly today--ahed 2.35% as of 2:30 p.m. New York time--in anticipation of the company's big product launch event tomorrow September 12. And Apple has taken the rest of the technology sector with it--helped by a bounce from the recent sell...
Ominous weakening today, September 6, below the surface in U.S. stocks
I know it looks like nothing much happened in the U.S. stock market today, Thursday, September 6. After all the Standard & Poor's 500 stock index was off just 0.37% and the Dow Jones Industrial Average was actually head by 0.08%. But below the surface, there was...
Saturday Night Quarterback (on a Sunday) says, For the week ahead expect…
...one more week of this technology driven, upward trend in the U.S. market as we head into the first tech earnings report with Netflix (NFLX) on Monday, July 16. Wall Street analysts are expecting huge earnings growth from the tech stocks that led the market upward...
Market takes profits today with risky weekend approaching
The major indexes don't tell the story today. As of 3:30 p.m. in New York the Standard & Poor's 500 was off 0.15% and the Dow Jones Industrial Average was ahead 0.3%. The real damage, though, was those stocks that had led the market up in the earlier part of the...
Tech is back with a flood of cash likely to drive prices higher
All is right in tech land again, cash flows say. Last week investors and traders poured $670 million into the Technology Select Sector SPDR ETF (XLK). That’s the most in a year for the second largest technology ETF. Apple (AAPL) is the largest position in the ETF with a 15% weighting.
Nvidia crushes earnings; stock falls after hours
Okay, if you're a trader I sort of understand selling Nvidia (NVDA) after today's earnings report: Sell on the news; How can it get better? How long can the company keep it up? After all, the stock closed today just pennies below it's all time high. (It's the...
Tech wrecks U.S. stock market again today
After a week when plunging prices for chip makers made it hard for the U.S. indexes to make much headway, even after earnings beats from companies such as Netflix (NFLX), today the software and advertising technology stocks joined in the rout. That sent the Standard & Poor’s 500 down 0.85% to 2668. Apple (AAPL) continued its role as heavy for the week falling another 4.1%.
