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Submitted by WC Power Tech Fund
Goldman Sachs (GS) was the center of the banking world over the last 2 days as an upgrade of the company by its lonesome propelled the entire financial sector higher to start the week. Today the numbers came and they were impressive.
Goldman, still as black-of-a-financial-box as there is on Wall [...]
Google’s Vision of Life to be Subsidized by Advertisers
Submitted by WC Power Tech Fund
The techno-worlds of open-source and standards-compliance are united in celebration on the heels of Google’s (GOOG) announcement of a new and upcoming platform called Chrome OS. A new giant has awaken to try and breach the Windows stranglehold of the modern world. Free and widely available Linux couldn’t do it, [...]
EMC ups the ante on Data Domain in Technology Bidding War
Submitted by WC Power Tech Fund
EMC Corporation (EMC), not exactly a household technology name, but one that business knows all too well as the company is involved in various lines of business supporting technology infrastructure and storage all around the world. The company has turned itself into a healthy income generator providing solutions for businesses [...]
Morning trade halts stock rally
Submitted by WC Power Tech Fund
100 points off for the Dow before lunch as markets in North America prepare for National Holidays. Canadian Markets close tomorrow for Canada Day while Americans prepare for the 4th of July weekend leaving markets in trading flux for the week. Today’s decline was pushed in part by a lower [...]
The Grounded Plane: Boeing delays 787 Dreamliner
Submitted by WC Power Tech Fund
Technical complications, worker strikes, and everything in between has at one point or another hampered Boeing’s (BA) ability to deliver its much-delayed 787 Dreamliner aircraft. The stock took an almost 7% dive today, adding to a 40% drop in the last year and a 50% drop since October of 2007. [...]
Markets sink Monday on Economics as Politics rears its head
Submitted by WC Power Tech Fund
Well, the week that wasn’t, was it fact followed swiftly by heavily directed market action. The bears came out Monday and sent stocks lower from the start of trading as the Dow has been hovering another the minus 200 point total all afternoon.
Weak economic signs triggered some of the sell-off, [...]
The Non-Week that was. Markets remain flat
Submitted by WC Power Tech Fund
Although financially, politically and economically a lot happens each and every week in this game, sometimes you wouldn’t know it by looking through the stock pages. Both the Bulls and Bears are pushing for some direction but neither is making any headway.
The tally on the S&P for the week, barring [...]
Apple cuts Mac prices, unveils Software and new iPhone at WWDC
Submitted by WC Power Tech Fund
The yearly developer showcase that is Apple’s (AAPL) Worldwide Developer Conference (WWDC) kicked off with a keynote, once again sans-Jobs, but was packed with several software and hardware announcements.
Consider Palm’s (PALM) highly touted Pre smart phone sold well in its first weekend the landscape for telecom mind share had shifted [...]
Console Makers battle for fans taking over Gaming Expo
Submitted by WC Power Tech Fund
Video Games and Movies, the two business channels that were least hit by floundering worldwide economics. Box Office receipts and attendance are at or near records and the growth of gaming, while pausing slightly, still stands out as a tech sector on the rise. With gaming options like Nintendo’s (NTDOY) [...]
GM is finished as Bankruptcy nears, shares slide below $1
Submitted by WC Power Tech Fund
Shares of General Motors (GM) are off about 20% today as all signs are pointing to the inevitable bankruptcy filing on Monday June 1st. The struggles in Detroit continue to drag down domestic Automakers but GM’s well-publicized cash flow problems and stand-offs with the Federal Government have led to its [...]
Consumer Confidence outweighs Housing Prices as Markets Rally
Submitted by WC Power Tech Fund
US Markets found themselves on the buy side up between 2 and 3% at the last hour of trading as stronger consumer confidence data triggered a surge of bids in morning trade. The Consumer Board’s confidence index rose to 54.9 in May from a 40.8 reading in April and this [...]
Memorial Day
Submitted by WC Power Tech Fund
Canadian market action could only do so much as Americans take the long weekend on Monday in honour of those lost in military service. During these times when North American troops are engaged in war on two fronts it is imperative to remember just what it means when life is [...]
Tool Time with Lowe’s & Home Depot
Submitted by WC Power Tech Fund
The markets had a strong start to the week, led mainly by Bank stocks and the Tech sector. However, the two biggest names in Home Improvement were also on tap to deliver results. Lowe’s (LOW) delivered Monday with bigger brother & competitor Home Depot (HD) coming in on Tuesday.
During Monday’s [...]
A Look at Energy with Oil racing back to $60
Submitted by WC Power Tech Fund
Oil, like many investment vehicles had been battered along the hard road from peaks in 2007 nearing $150. The fall in fact, had been so dramatic that prices for the commodity were down to $34 a barrel in February of this year. Set against the backdrop of American economic problems [...]
For Bank Of America, $34Billion, what $34Billion?
Submitted by WC Power Tech Fund
Bank Of America (BAC) has been surging the last few days, up 56% the last 5 days, despite leaked information from the Federal Government Stress Test results. Even though the leaked details of BAC’s capital needs seem ludicrously high, the number could have been a lot worse. Analysts have been [...]
Stock Climb continues, S&P above 900
Submitted by WC Power Tech Fund
Despite what should have been a corporate backlash against recently announced plans by President Obama to curb corporate Tax Havens and loopholes, markets brushed off worries with a shrug and kept pushing higher. This sent the Dow to the green by 200 points, while the S&P however was the big [...]
Best Month since 1938, not an April Fools Joke
Submitted by WC Power Tech Fund
No Foolin’? That’s right, the S&P has had the best month since 1938 in April, as Butch & Sundance so poignantly put it all those years ago in the classic film. The bears have been watching from the sidelines in seems all month long as this Bull Market rally will try to [...]
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 [...]