Several techs Sony HPQ MU SNDK moving into green.
CNBC Article on V Recovery and GET Confirms rally real report several precedents based on technicals seasonality election etc.
US Jobs are showing significant acceleration according to the latest Initial jobless claims which were down by 10k to 278k in the week ending Nov1. (This indicates almost no layoffs by historic standards)
This is one of the lowest levels in 35 years which inversely equates to significant strengthening in the jobs market.
Growing jobs translates to higher retail, increased MU revenue and profits that was not baked into company forecasts a month ago.
US ISM Factory Manufacturing Production Strongest in Decade, PMI Up 2.4% to 59%. New Orders Up 5.8%.
This suggests US GDP growth is growing well above 3%....likely 3.5%+
From Seeking Alpha:
• Forrest Norrod, formerly the head of Dell's server ops, is now the GM of AMD's enterprise, embedded, and semi-custom chip unit. He'll report to new CEO Lisa Su.
• Before running its server unit, Norrod was once in charge of Dell's global engineering teams. He also once ran Cyrix and National Semi's integrated x86 CPU business.
• AMD's enterprise, embedded, and semi-custom chip sales rose 21% Y/Y in Q3, and accounted for 45% of total revenue. For now, the unit's sales depend heavily on PS4/Xbox One APU shipments, but AMD is making big investments to grow its server CPU lineup (both ARM and x86)
Today.... lifts global GDP.....Tech Nasdaq rising.... Liquidity lifts all boats especially small cap stocks and small business lending as liquidity greased economic wheels
After the Market Mayhem, the VIX term structure indicates market bottom, based on history, reports Thomas Lee of Fundstrat Global Advisors (News Article on Bloomberg News)
Today Wolfgang Schaeuble Finance Minister of Germany revealed his push for plans to invest "quickly and in a concrete way". Admitted to the press that German did not yet do enough, and "Germany must invest more" to accelerate growth and business activity at a much faster pace.
in the BBC news site Business pg 19 is the interview with Germany's Finance Minister who revealed this push for a big German concrete stimulus spending very soon. Urgency and concreteness is coming soon.
Today article in BBC news website's Business page 19 is an interview with Germany's Finance Minister who revealed Germany will do a big concrete stimulus spending soon.
Wolfgang Schaeuble said Germany working to nvest "quickly and in a concrete way". Admitted Germany did not yet do enough, and "Germany must invest more" to stimulate growth and business activity at a much faster pace.
CNBC Bob Pisani just mentioned it........ this is excerpt from UK Telegraph site...
European Central Bank to launch fresh stimulus as eurozone stutters
Mario Draghi, president of the European Central Bank, has suggested that full-blown quantitative easing is an option.
AMD Gaps to $4 if it can Beat+Raise Revenue and Earnings like Bellwether Intel just did....
and espedially Beat GPM and Raise GPM Outlook. That is the classical "nailed it" signal that says the company and sector has kicked into gear for more growth.
Intel's doing it...Micron beat+raised....HP beat+raised. Let's hope AMD is there.
Or AMD gets bought by someone at a buy-the-Intel-alternative premium (US Govt doesn't want monopoly)
Intel, Micron chipmaker.... HPQ customer.....IDC Gartner Industry Analysts all said this sector was strengthening now and guidance outlook.
MCHP false rumor against the market should be totally overwhelmed in expanding INTC MU HPQ gapped to the upside.
INTC better than expected business results in PC, Server, Data Center Cloud business. Rising Gross Margins.
Chips begun rise in afterhours.....20% Gap Up to regain position when they first announced "growing strength".
Someone saw the SOXX Oversold highest volume since May 2011....seller exhaustion..on what was it, again?
Looking forward to Intel and others restoring a brain to the fearing adrenaline ones. Business bellwethers like INTC are greatly managed leadership team.
TODAY: Banks held up today. Russell tried to come back most of the day.
MARKET CAPITULATION: SOX 2d shows capitulation volume the most since Aug 2011 market bottom.
EARNINGS REPORTS NOW: We've had No Preannoucements. INTC, JPMC, Citi, Wells Fargo Big Earnings Events tomorrow. Any strong or guide stronger and this market will soar from its overblown lowbrow expectation.
IDC Report Oct 8....MU Guide Up....and HP before them....suggests strength. US Jobs rising. Retailers raised hiring for XMAS
to excite investors. Or suggest he is considering "strategic alternatives" if the right offer came along.
Must show compelling growth plan. Defend investors "shareholder value" who trust and invested in ZHNE.