Let Your Dollar make Cents
Today’s Market Analysis
The Dow squeaked out a slight gain today helped by Boeing(BA) and United technology(UTX). The financials were mostly down after good results from Wells Fargo(WFC) and Morgan Stanley(MS) but the Goldman Sachs(GS) probe weighed in on the financials and the economic woes in Greece began to resurface. Morgan Stanley was the lone winner up by around 4%.
Apple(AAPL) was the best stock today as it was up by around 6%. It helped the NASDAQ close higher. Altera(ALTR) which was up after market yesterday fell today by 60 cents on profit taking. One of the reasons why the stock was down was that the inventory level was up 25% from last quarter. People are worried about double booking. Continue reading
Goldman backlash, Apple Blowout
The SEC allegations against Goldman Sachs(GS) resulted in a 11% drop in the stock on Friday wiping out 13 billion of market cap. Yesterday the stock dropped another 3% before news of SEC vote on Goldman came split 3-2 and immediately the volume picked up on Goldman stock and it moved from 159 to 162. The split vote is important because the SEC vote won’t become unanimous and proving Goldman’s guilt may be questionable?
Goldman’s financial implications may not be significant but the reputation is the big question mark? Will customers start moving away from Goldman? Continue reading
What does Intel’s awesome quarter mean to the US Economy?
Intel(NASDAQ: INTC) announced a Stellar quarter on Monday evening. How Stellar was it, and what does it mean?
So, here is the summary of the earnings
| Item | Q1-2010 | Q4-2009 | Q1-2009 |
| Revenue | $10.3 Billion | Down 3% | Up 44% |
| Operating Income | $3.4 Billion | Up 38% | Up 433% |
| EPS | 0.43 | Up 7% | Up 288% |
Also, they announced that their second quarter is going to be about $10.2 Billion +/- $400Million.
Additionally, if you see where Intel has generated its revenue from today and in the recent past you see this… Continue reading