October Delivered the Market’s First Post-Earnings Reversal of the Rally

Whenever the market sells off, it is good to track whether the selling marks any change in character in the health of the market. Back in June, the change in character was marked by the deepest oversold conditions since March. Those conditions deepened into July and helped provide the fuel for the next strong leg … Read more

Do Not Expect An Encore from Intel

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