Economic Data

Sep 23: Global Uncertainty Weighing on Markets – Economic Highlights

Market technicians have been telling us for days now that this market was stuck in a narrow range of about 100 points on the S&P 500 — between 1120 and 1220. We have been back and forth between those two points a number of times since early August and we got back to the bottom of that range again on Thursday. Do we bounce back from here, as we have done a few times in recent weeks, or establish a new bottom? I am not the one who can see all those fancy shapes and pictures in charts that the technicians talk about all the time; I wish I could, but I can’t […]

Stock Analysts

TriQuint Slashes 3Q Guidance (TQNT)

TriQuint Semiconductor, Inc . ( TQNT ) recently revised its outlook for the third quarter of 2011. The company now expects revenues between $210 million and $215 million, down from the previous guidance range of $225 million to $235 million. […]

Stock Analysts

Sina Mulls Weibo Censorship (BIDU) (GOOG) (SINA) (SOHU)

Chinese micro-blog “Weibo” users will likely face strict scrutiny, as SINA Corp. ( SINA ) is mulling certain measures aimed at filtering contents that goes against the dictates of the Chinese Government, according to a recent report from news agency Bloomberg. SINA’s weibo has gained massive popularity over the last couple of years […]

Stock Analysts

Nike Exceeds Estimates (BWS) (NKE)

Nike Inc. ( NKE ) posted strong fiscal 2012 first-quarter earnings of $1.36 per share, up 19.3% from the year-ago earnings of $1.14 per share, handily beating the Zacks Consensus Estimate of $1.21 per share. Strong quarterly growth in revenue coupled with lower selling and administrative expenses as a percentage of revenue, tax efficiencies and lower average share count drive the company to post a record first-quarter 2012 earnings […]