Archive for April, 2009

Markets Rise despite GDP data

Submitted by WC Power Tech Fund
The GDP dropping by 6.1% versus a 6.3% drop last quarter, could be seen as an improvement, but more so, it continues to paint a tepid picture of the US economy. With economists expecting a drop of 4.6%, according to the Dow Jones Newswires, the realities are still fairly uninspiring.
No [...]

Technology Market Leadership Part 2: Apple beats again

Submitted by WC Power Tech Fund
With the Nasdaq pacing the other market indicators throughout the trading day, it was clear that Technology was on the mind of most Traders.  With eBay (EBAY) reporting numbers to an enthusiastic response, next in line was the mighty folks from Cupertino, waving their iPhones and Macs, sans Legal Copy [...]

Technology Market Leadership Part 1: Ebay’s Quarter

Submitted by WC Power Tech Fund
Technology was in the spotlight again today. The Nasdaq was the pace-setter in trading all day as a couple heavyweights were set to report earnings.  Online Auction pioneer Ebay (EBAY) and electronics darling Apple (AAPL) continued a slew of positive earnings reports cementing tech’s leadership role in the road to [...]

The Google Cash Machine

Submitted by WC Power Tech Fund
Henry Blodget of Alley Insider probably said it best after Google’s (GOOG) Calendar Q1 results crossed the wires: “cash flow will knock you silly” (Link). While the overall economic situation has admittedly hit even the mighty search giant, by controlling costs at unprecedented levels the company was able to generate [...]

A Tale of Two Cities: Easter News and Notes

Submitted by WC Power Tech Fund
A tale of two cities, screams to be profoundly appropriate in describing the current climate of the American markets. Those two cities of course would be Detroit and New York. Symbols representing two pillars of the American workforce and economic prosperity. Both the auto and financial industries have been decimated [...]

Smartphone Wars to heat up this Summer

Submitted by WC Power Tech Fund
The new hotness, no not Twitter, but the smartphone, is gearing for an all hands on deck gadget war this year and beyond. While smartphones have been around for sometime, it was only until recently (read: iPhone) that momentum has picked up faster than Usain Bolt. With two main rivals [...]

Rally Continues past April Fools

Submitted by WC Power Tech Fund
The 2nd of April, typically a let down day for pranksters has markets rising like the Sun in the East. North American markets had spent March on an absolute tear, had the Madness from the NCAAs spread to the trading floors or was there finally something to be optimistic about?
Well, [...]

Final Four is set, ready for CBS!

Submitted by WC Power Tech Fund
The grandest stage in College Basketball was once again a rousing success for television network CBS Corp (CBS). Year after year the NCAA tournament is filled with drama, action, heartbreak and incredible performances, just about everything a television network would want from one of its prime-time tv shows.
Now, although the [...]