| April may be more than half over, but earnings season is just getting started. Silobreaker: GE Fanuc Intelligent Platforms Broadens Communicat:: High raw material and energy costs are expected to hurt . oil keeps rising and the earnings season kick-off from Alcoa and General Electric disappoints http://www.silobreaker.com/DocumentReader.aspx?Item=5_872843021HOME |
About 150 tech companies will report results this week, and almost as many will report next week.
Among the big names reporting this week: Lucent on Tuesday morning (a 2-cent profit expected); eBay, Juniper, KLA-Tencor and Qualcomm after the close on Wednesday; and Microsoft, Amazon and Broadcom after the bell on Thursday. Worst June since Depression : Money & Markets : The Rocky Mountain :: Jun 26, 2008 "Oil may be the single factor that ends up tipping the U.S. into and through earnings season, the safest place is on the sidelines." http://www.rockymountainnews.com/news/2008/jun/26/economic-news-crushes-market/HOME |
As if that weren't enough, traders will also be scouring testimony from Federal Reserve Chairman Alan Greenspan on Tuesday and Wednesday for clues on the direction of interest rates.
Tech investors were in an optimistic mood ahead of all that news, bidding the Nasdaq higher in a rebound from last week's heavy selling.
The Nasdaq surged 24 to 2020, the S&P 500 added 1 to 1135, and the Dow slipped 14 to 10,437. Volume declined to 1.19 billion shares on the NYSE, and 1.69 billion on the Nasdaq. Decliners led by a few issues on the NYSE, while advancers led 17-13 on the Nasdaq. Upside volume was 50% on the NYSE, and 76% on the Nasdaq. New highs-new lows were 115-35 on the NYSE, and 115-21 on the Nasdaq. NewsDaily: Stocks eye banks, short-sale rule:: In the heart of earnings season, stock market investors will scrutinize a of oil keeps rising and the earnings season kick-off from Alcoa and General http://www.newsdaily.com/stories/n18377000-column-stocks-outlook/HOME | Stockupticks - Home:: The earnings season kicks into high gear this week and Wall Street is scrutinizing profit reports and forecasts. The market will have more than just http://www.stockupticks.com/profiles/4-15-02.htmlHOME |
After the close, Netopia plunged after missing estimates. j2 Global, JDA Software and SupportSoft beat estimates.
During the day, Digital River surged 28% after beating estimates, raising guidance and announcing plans to acquire Germany's Element 5.
Monolithic plunged 37% after a proposed merger with Synopsis fell through.
M-Systems gained 11% after beating estimates.
Lexmark edged higher after beating estimates, while Sierra Wireless tumbled 18% on its results.
Computer Associates slipped after firing nine employees as part of an investigation into the company's accounting practices.
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