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 be technology ETFs, which are watching a slew of crucial earnings reports this week. Today, all eyes were on Apple and Yahoo! after the bell as two of the most eagerly anticipated reports came out after the markets closed. These reports are likely to impact today’s after-hours session as well as Wednesday morning trading, and will likely help to set the tone for technology ETFs as the second quarter ramps up. [click to continue…]
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 [...]
Earnings seasons are always hectic times on Wall Street, but this time around it seems to come with added importance. We’ve seen signs and heard whisperings that the recession has ended and a recovery is underway, but investors are anxious for confirmation from corporate America. Last week’s reports gave mixed results, with positive surprises from [...]
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 [...]
In what many analysts are calling the latest sign that the recession has ended, Intel surprised Wall Street on Friday by raising its third quarter revenue outlook above current consensus analyst estimates. Citing stronger-than-expected demand for microprocessors and chipsets, the Santa Clara, California-based chipmaker revised its third quarter revenue forecast to $9.0 billion, up from [...]
