NASDAQ

The Danger of Earnings Season Extrapolation

Yes, we all get excited when an Amazon.com scorches their earnings forecast or when an Apple Inc. Suge Knights the whole sell-side with a massive beat, but should that enthusiasm really spread to other stocks? One of the dangers of extrapolating the good earnings reports out of Apple, Amazon or Intel is that in reality,…

Comparing This Decade's NASDAQ to the 1930's Dow Jones

In a new He Said/ She Said piece from the Wall Street Journal, we get the above chart, which compares the last 9 years of the NASDAQ to the Dow Jones Industrial Average of the Great Depression.  Without question, there is an eerie similarity in the squiggles. From the WSJ: Editor’s Note: It was the…

Remember the Last Time Intel Reported?

All eyes are on Intel (INTC) this evening as the company is one of the first bellweather names to report earnings. The last time Intel reported, on July 14th, the NASDAQ exploded, with a gap up and 3.5% gain for the composite the following day. Nothing in last month’s report means anything as far as forecasting…

Gut Check Time For The Nasdaq Bulls

Just some quick thoughts as we head into the end of September… Last week was fairly interesting in that many began noticing signs of a change in character for the stock market, if not a change in trend.  The Nazz has been the leader for this rally, so the action there is worth noting. Some…

Congrats to the StockTwits Gang

I want to take a moment to congratulate the StockTwits guys who rang the closing bell for yesterday’s trading session over at the NASDAQ Marketsite. I met Howard Lindzon, Upside Trader and the rest of the gang at a Bacchanalian loft party earlier this summer.  They’re all great guys and, without a doubt, they are…

Don't Get Too Excited About Tech Just Yet

With the Nasdaq up over 22% year-to-date and many tech stocks on the receiving end of big upgrades recently (Goldman practically proposed to Google this past week with their endorsement), many investors have begun digging in the crates for some of their old favorite tech stories again. Eric Savitz‘s Technology Trader column in Barron’s today…

And a Chipmaker Shall Lead Us…

Intel (INTC) ripped the cover off the ball with their latest earnings report.  And we’re not talking about cost-cutting: From Reuters: Intel projected third-quarter revenue at $8.1 billion to $8.9 billion, compared with analysts’ average forecast of $7.8 billion, according to Reuters Estimates. They beat on revenues and they are raising revenue guidance.  When was…

Your Oil Stocks Aren't Coming Back, Chulo

Remember when Intel (INTC), Microsoft (MSFT), Dell (DELL), Lucent (ALU), Yahoo (YHOO) and Cisco (CSCO) ruled the markets?  There was an era, roughly 1997 to 2000 when those stocks actually mattered.  They were important companies doing big things in terms of providing the technology needed for the next century’s communications and internet build-out.  And then,…