This from investors com news site Feb 24 article
Cable and phone companies have surprised — and spooked — Wall Street with forecasts of higher capital spending than expected in 2014.
Next month rise in US business capital spending will be 3rd point from which analysts can extrapolate a trendline. Fed will step in supporting growth as needed. Govt bank risks curing.
Another confirmatory capital spending rise report then Zhone will pop strongly.
2014 capital spending is the natural time for tech recovery expansion. Customers are cash-rich, profits record high, and they need upgrade cycle to replace ancient outdated crummy equip.
HP CEO said PC DEFINITELY IMPROVING. RBC Capital now firmed their PC market forecast.
More analysts will be ratcheting up estimates as they pay attention to the upgrade activities, and begin to assess the HUGE old installed base the cash rich corporations and big borrowing small businesses will be replacing with serious equipment for productivity.
HPQ reported their first total company revenue rise in 3 years.
PC revenue rose with positive growth. Printers, Networking also rose.
PC business is "showing signs of stabilization"
Growth lifts all boats...tech cap ex orders cannot stay parsimonious much longer...
China posts blowout trade data, exports jump 10.6% - China released a batch of blowout trade numbers on Wednesday
While the US jobless rate had fallen, it still remained "well above levels" the Fed saw as consistent with maximum sustainable employment, she said. She said that in assessing the health of the labour market, it was important to consider "more than the unemployment rate".
DOW UP 200...Zhone and tech rising with conviction breaking through some resistance levels.
the most oversold in the dump big gainers' panic are starting to snap back the strongest.
This is for the first time in history an oligopoly of 3.....much better profits and smooth results than historically. Super advanced technology design and process, and fab costs as barrier to entry
Zhone stock price is where it was November 8.
Zone deserves 5 to 10% stock price upside to match the market's rise since 3 months ago.
This rising US Big Corporate profit further explains why business CapEx is buying technology, in addition to US small business borrowing is now strongest in 7 years...
Profits expanded 8.3 percent last quarter, the most since the three months ending September 2011, according to analyst estimates compiled by Bloomberg. Analysts project profits will expand even faster in 2015, at an annual pace of 11 percent, Bloomberg data show.
From CNBC News
U.S. small businesses boosted borrowing in December, pushing a broad lending index to its highest level in nearly seven years and signaling that economic growth may continue apace in the early part of this year.
The Thomson Reuters/PayNet Small Business Lending Index, which measures the volume of financing to small companies, rose to 121.6 in December from an upwardly revised 114.6 in the prior month, PayNet said on Tuesday.
That was the highest level since March 2007, the data showed, and was up 5 percent from a year earlier. A rise in the index is historically correlated with stronger U.S. economic growth a quarter or two in the future.
See the dailiy chart on T2109 which is %1 channel above 200day moving average.
This index this is at or lower than prior bottoms May, June 2012, Nov 2012, June 2013, Today.
Scaling in MU here.
US economy strengthening, Turkey issue is a red herring excuse for programmed trading correction fix.
CNBC reported it is the first three straight days S&P500 moved either direction by 1% since Boston Marathon bombing. Way overblown oversold.
GDP 2H2013 strongest in Ten years....Chicago PMI stronger than expected on inventory build to known rising demand.
US GDP 2H 2013 grew the strongest in 10 years with an early rise in business CapEx. 1/3 of S&P 500 reported so far with average 7% Profit Growth.
Strong US profits and business activity acceleration allows the Fed taper and strengthens the outlook. If CapEx kicks in further, watch out to the upside.
Seen this morning on 10 min chart at 10:50am Eastern Time.
CIEN MU FNSR showing rising moneyflow also strongest since Jan17. Watch AFOP moneyflow.