Nasdaq High Tech Index IXCO-X Up .44% today. Technology may finally be beginning to lead as companies finally start releasing some record excess cash to initiate upgrades from old slow energy wasteful systems.
AMD to rise with the leadership tech companies (finally) in recovery.
HP analyst call Q&A portion hinted that 1Q will have firmer memory component price (a headwind for them) in the midst of HP's turnaround upturn which is well on its way. That seems to imply firmness for MU revenue and profitability. The memory market is tired of losing money and has capacity shortfall by fewer oligopoly suppliers. A more well managed growth industry in early recovery.
HP reported they have faster paid off debt and experienced stronger Enterprise Group Computer Sales, Printer Unit Sales expansion, and higher Networking sales to China.
1min chart getting constructive...has risen above Volume Weighted At Price (the total average clearing price for the day) for the past 7 minutes....BOP Balance of Power has gone positive the past 5 minutes
firmer than earlier forecast. Looks like a company specific firming and company turnaround.
HP enterprise sales strength and printer strength is a good sign
Good news for all Mideast companies and their stock valuations, as this reduces risk.
The deal with Iran halts progress on its nuclear program, provides for intrusive inspections and neutralizes Iran's stockpile of 20% enriched uranium, a senior official in U.S. President Barack Obama's administration said.
The telecom index is 30% below 2007. Today this leads US markets higher with Dow up 93.
Technology orders riing at AFOP and ZHNE and JNPR. Communications sector which has been long overlooked is beginning to attract investors.