Dell topped revenue estimates and raised guidance after the bell on Thursday, capping another day of gains for the stock market.
The Nasdaq climbed 10 to 1345, the S&P 500 rose 10 to 930, and the Dow gained 74 to 8818. Volume rose to 1.51 billion shares on the NYSE, and 1.76 billion on the Nasdaq. Advancers led 20 to 12 on the NYSE, and 17 to 16 on the Nasdaq.
After the close, Dell rose 1% after matching earnings estimates and beating and raising revenue estimates. NVIDIA matched lowered estimates, and Analog Devices guided lower.
During the day, AOL gained 7% after saying it may have improperly recognized $49 million in revenue, but said it would certify its results with the SEC.
Brocade rose 6% after beating revenue estimates, giving the storage sector a boost. Dell Laptop Computer Battery Catches Fire - ChinaTechNews.com ::
Sep 7, 2007 A photo of the battery explosion from a Dell laptop computer has been . Yum Profit Tops Estimates as China Demand Grows - CNBC
http://www.chinatechnews.com/2007/09/07/5859-dell-laptop-computer-battery-catches-fire/HOME |
Dell profit tops estimates, says turnaround working - Yahoo! News::
Dell Inc posted a higher-than-expected quarterly profit on Thursday, driven by strong demand from consumers and foreign markets and lower operating costs,
http://www.sofomo.com/US-English/DejaNews/Business/Company%20Earnings/Yahoo/2008-05-29/df3d31e4-ebda-47e3-beb7-157154303577/preview.aspxHOME |
BEA gained 6% after matching estimates, but Creative Tech slipped despite beating estimates.
Intuit slipped 1% after beating estimates and announcing an acquisition.
CheckFree, up 19%, extended its gains after yesterday's upgrade.
Microsoft finished up just 6 cents after being rejected at its 50-day moving average at 50.70.
Some technical comments on the market: Note: To see the charts in the text email newsletter, click on the internetstockreport.com story link at the top of the newsletter.
The Nasdaq (first chart below) formed a doji star right at 1355 resistance; a down day tomorrow would look like a pullback has started, while a move up through 1355 would look like the start of something (provided the breakout holds, of course). 1322-1325 is first support, and then 1308. The Dow (second chart) is closing in on some major resistance in the 8897-8927 area. 8700 is critical support. The S&P (third and fourth charts) is at 935 resistance, and major resistance at 950 is just above that. 915 is first support, and 900 is critical. Finally, the equity-only put-call ratio is at a very low .42, a warning to the bulls that there's too much complacency here.
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Dell Tops Estimates 
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