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An Amazing Two Weeks
Overnight, the most unusual two weeks in many years jumped off the launch pad
Just two weeks ago, global stock markets, including the U.S. market, had been down four weeks in a row, seemingly ending their big rally off their March lows.
Just two weeks ago, previous talk that ‘green shoots’ in the economic numbers indicated the recession was bottoming, had given way to renewed concerns that the bottom was much further off than had been thought.
Just two weeks ago, the White House, Federal Reserve, and Treasury Department were warning that the economy still faces sizable problems that will keep the…
Oracle (ORCL) Leaps Ahead of IBM, Lands Deal for Sun Microsystems (JAVA)
In a surprise move yesterday (Monday), Oracle Corp. (ORCL) pounced on the opportunity to buy Sun Microsystems Inc. (JAVA), for about $7.4 billion in cash, stepping in after Sun’s talks with International Business Machines Corp. (IBM) fell apart.
The deal gives Oracle control of server and software maker Sun’s coveted Java programming language and brings to a close Sun’s 27-year reign as the maverick of Silicon Valley. Java is the dominant language of the Internet and runs on over 1 billion devices worldwide.
The acquisition is in line with Oracle’s overall business strategy. Oracle, the world’s second-biggest software maker, has dropped…
21Apr2009 | Money Morning | 0 comments | ContinuedEarnings Reports (BAC, IBM, AAPL, KO, MCD, etc.)
When it comes to the U.S. stock market right now, the story continues to be about earnings. And this week will be no exception.
Bank of America Corp. (BAC), which reports today (Monday), remains among the last financials of note that has yet to announce its first-quarter performance, and the big bank figures to get a lot of attention as investors look to see how well Merrill Lynch & Co. Inc. (formerly known as “The Bull”) and Countrywide Financial Corp. have fit into the BofA family fold.
International Business Machines Corp. (IBM) (today) and Apple Inc. (AAPL) (Wednesday) will give investors a better idea of just how well…
20Apr2009 | Money Morning | 0 comments | ContinuedInvesting advice: Do not forget about exporters
A lot of investors learned a very important lesson today. There is an old saying that goes something like, “a falling tide lowers all ships.” For many topics, the adage makes sense. But for investors, it is just plain old bad advice. IBM’s surprise earnings forecast today proves my point.
It is easy to see the nation is enduring an economic slowdown. As the shouts of an impending recession get louder and louder, the overall markets sink lower and lower. But not every company does poorly as the American economy lags.
IBM is soaring today because too few analysts realize this point.…
14Jan2008 | Anonymous | Comments Off | Continued
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