All three major tech stocks that reported after the bell yesterday beat estimates and raised guidance, and were certainly a positive shot in the arm for tech investors.
More Quotes from Michael Sheldon:
Today's weak market performance is the result of some worse-than-expected earnings reports and a decline in the consumer confidence report.Michael Sheldon
You can't blame it all on energy because the trade deficit excluding petroleum rose faster than the overall deficit. The main culprit once again continues to be that imports are growing faster than exports.
Michael Sheldon
Texas Instruments' numbers were broadly in line with estimates, but there may have been some disappointment that they didn't raise the high end of the range.
Michael Sheldon
If you take all those comments together, it implies the Fed is less worried about deflation and more about inflation, all of which sets the stage for higher rates.
Michael Sheldon
Pepsi's report looked pretty positive, in addition to Cisco, which is a bellwether in technology industry. Cisco's results last night were certainly a positive.
Michael Sheldon
The economic data over the next several weeks are going to be difficult to interpret, and it'll be interesting to see how the market reacts,
Michael Sheldon
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