The beginning of earnings season last week provided a welcome distraction from the more troubling forums that have been capturing the attention of investors in recent weeks. The latest developments in Europe’s ongoing debt saga and twists and turns in Washington related to the fast-approaching debt ceiling have been steering markets in recent sessions. Those events will no doubt continue to influence asset prices this week, but investors will also have a slew of earnings reports from industry bellwethers to consider as well. But the slew of bellwethers reporting earnings this week should provide additional consideration for investors still trying to evaluate the status of the U.S. recovery.
The earnings reports form last week were generally positive, highlighted by Google’s impressive second quarter results. The search engine giant jumped more than 12% in after hours trading on Thursday after beating analyst expectations, reclaiming part of the spotlight from smaller tech companies that have attracted huge investment in recent weeks. [click to continue…]
The technology sector has been one of the fastest growing market segments in recent history. With numerous industry leaders such as Microsoft and IBM continually innovating in the space with new and improved products, technological advancements have gone from the first automatic, programmable machine in 1941, to now hand held smartphones capable of almost any [...]
Earnings season is upon us yet again, giving anxious investors plenty to chew on as equity markets look for direction in the second half of the year. The first week of this critical stretch saw a number of reports come in all over the board; some bellwethers posted solid numbers and guidance while others disappointed [...]
After a stellar performance out of Intel to kick off earnings season last week, several other bellwethers have reported impressive results, leading some investors to believe that the market recovery is the real deal (see all the early winners and losers from the start of earnings season). Looking to add to recent recent gains will [...]
The much anticipated Apple iPad tablet computer was released today across the country. The device, which has been hailed as revolutionary by many and useless by a few, could have a huge impact on the technology and consumer electronics sectors. If successful, the product could open up a whole new market for content producers who [...]
Google, the world leader in online search, has frequently been in the news as of late. With the announcement of their new open source phone, the Nexus One, and their threat to leave China over censorship concerns, it has been a very tumultuous quarter for the search giant. The rocky year continued late Thursday as [...]
Earlier this year, best-selling author Harry Dent , Jr. ventured into the ETF industry, launching the Dent Tactical ETF (DENT) in a move that further blurred the lines between active and passive management. DENT is actively managed by a team of analysts using primarily economic and demographic analysis to determine the overall trend of U.S. [...]
After a strong earnings report from Intel on Tuesday (the company beat the Street’s estimates by seven cents) all eyes will now be on IBM and Google to see if they carry the positive momentum into the fourth quarter. Confirmation of a recovery by these two bellwethers will add further confidence to those who believe [...]
Many analysts are building up the coming weeks as one of the most important earnings seasons in recent memory, a report card on the strength and sustainability of the economic recovery in the U.S. So far, the grades have been stellar. Intel revenue and profits declined from a year ago, but the chip maker managed [...]
Earlier today, ETF Database Senior Analyst Michael Johnston appeared on Business News Network’s The Close program to discuss ETF plays on Apple’s news regarding Steve Jobs, the new iPhone OS, the new iTunes, and more. Johnston analyzes IYW, QQQQ, and XLK in the live TV interview from the Chicago Mercantile Exchange. Watch the full interview [...]
Later today, Apple has an invitation only event scheduled at the Yerba Buena Center for the Arts Theater in San Francisco (10 am Pacific time). Apple has confirmed that the meeting will have a music theme, but beyond that it’s anyone’s guess as to what will transpire at the much anticipated event (some believe the [...]
