Live from New York!
I’m on the road in New
York City today. I loved the good news from Intel
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The NASDAQ is certainly responding well to positive revenue guidance from the chip
kingpin. In addition to what the top executives said about revenue growth and
earnings, the stock was just plain cheap.
This bold statement by INTC doesn’t sound the all clear for the markets, but it certainly did boost investor confidence, which was struggling with the likes of
disappointments from Lucent
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October, but when we get the earnings season and the election behind us, we
believe the market action should be considerably more bullish.
What we’re watching today:
DELL
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volatility is up to 71%, versus mid-50% over the past month. Earnings are
November 13th. Michael Dell is due to speak to the thousands at Comdex on the
13th, and we expect he will be upbeat.
Cisco
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high 70% volatility ahead of its earnings on Monday.
