ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
The last hour of trading on Wednesday was marred by swift, high-volume selling, an extremely rare sight in the current market. It seemed to come from “nowhere” but the signs of some kind of reversal have been building in some poor post-earnings trading in many big-cap names. I earlier pointed out that Intel (INTC) seems … Read more
Investors and traders were clearly impressed with Google’s third quarter earnings report on Friday sending the stock up 3.8% on 3 times average volume (for the past three months). Google (GOOG) is now up a whopping 79% for the year and is at 15-month highs. There are of course many things to like about GOOG’s … Read more
Intel (INTC) delivered a stellar earnings report Tuesday evening with revenues and margins that beat expectations. However, do not expect an encore in the near-term because INTC’s historical performance suggests this may be as good as it gets for a while. Q3 revenues were $9.4B with consensus expectations for $9.04B. The 17% sequential growth in … Read more