The market is getting killed today, but a bright spot amidst the turmoil is Intel (INTC) which is up about 4% on twice its normal volume. This is mostly after a Citigroup analyst came out with bullish comments about orders of its Atom chip. Even AMD, Intel’s incompetent rival is gaining some ground in this […]

Microsoft (MSFT) has officially become a dinosaur. By that we mean a large, mature company whose growth prospects have become limited. Shareholders will gain through dividends and share buybacks, rather than organic growth in earnings and capital gains going forward. This is the natural fate of any successful business, but it is interesting to see […]

It’s do or die time for all the major indexes. On July 21st, we wrote, “the S&P could find some initial resistance around 1275, the Dow at 11750, the NYSE at 8575 and the NASDAQ runs into headwinds around 2350.” This is the 3rd trip for the indexes to their resistance levels.
On Monday we […]

Whole Foods Markets (WFMI) after the closing bell reported that fiscal-third quarter net income plunged 30% versus a year ago, missing estimates badly due mostly to costs associated with the Wild Oats merger. Pinched consumers also hurt the company due to the weak economy. WFMI earned 24 cents per share, missing estimates by seven cents. […]

The Federal Reserve decided to leave rates just where they are, 2%. The Fed is getting much needed relief, as are inventors and consumers, from falling commodity prices, particularly oil. The falling commodity prices should lessen the forces of inflation in the months ahead. This is good news for all. Obviously the market is cheering […]

Our market leadership model has stayed in the green and our momentum model is one decent up day away from turning bullish. The combination of both indicators producing buy signals usually means the indexes are going higher. If we finish up today, we recommend opening up positions in QQQ or for twice the bang of […]

Shares of Garmin (GRMN) are plummeting 22% to $35 and change, which is a new 52-week low today after it cut its full-year sales and earnings outlook due to poor growth in its navigation market. It also delayed the launch of its smartphone. The company said that consumers are being more cost-conscious that it thought. […]

Shares of Fresh Del Monte (FDP) are getting hammered by about 13.5% after it said second-quarter profits plunged 34%. The weather was the main culprit as the value of its merchandise was damaged by storms and floods. FDP was forced to record an asset impairment at its banana farms in Brazil due to flooding. The […]

The market is rallying strongly in part due to Merrill Lynch’s (MER) steps to raise more capital and shed bad assets. Unfortunately, Merrill Lynch itself is down almost 4% and briefly touched a new 52-week low of $22.03. That brings its total loss to about 60% for the year. This isn’t some podunk outfit, it’s […]

A lot of people bet large amounts of money on small biotechs that have one or two promising drugs in trials, hoping to cash in big when that drug becomes a blockbuster. More often than not, they lose their shirts when the FDA gets in the way of their dreams. This is what happened today […]