HP and More Job Cuts

Wow, you'd think $HPQ would run out of jobs to cut. 16k more!

***

HP To Cut An Additional 11k to 16k Jobs As Quarterly Revenue Falls

Share

Shares of computer and printer producerHewlett-Packard took a last-minute dive into negative territory Thursday afternoon after accidentally releasing the first page of its second quarter earnings report a few minutes too early — and not only was the timing of the results unexpected, but so were the company’s sales, which came in under the predictions set forth by Wall Street analysts. And in other less-than-fantastic news, the technology company also said that in an effort to achieve cost savings, it will need to lay off more people than it initially planned.

The Fed, Jobs and Earnings!

Don't sleep in! This week will feature the Federal Reserve, jobs, and more earnings! Nonstop thrills!

The biggest surprise last week came from Facebook, which soared after their earnings report. Apparently, they figured out how to make money.

Apple exceeded iPhone sales estimates, but fell short on iPad sales. Investors still were okay with that news.

Amazon was another surprise, as they continue to lose money. The stock was down after hours, but surprised everyone including me when it rallied the next day.

And then, there was Friday. The Dow was down  big early, but rallied to close in the green. It just shows you that people want to buy stocks. Don't fight the trend. Don't fight the Fed. Don't worry about "the wall of worry. "

Wall of Worry

Hey, the economy isn't so hot and corporate earnings are mediocre. But does any of that matter when folks just want to buy stocks?

More wall of worry stuff here. Maybe someday it will matter.  Maybe not. 

#165: $AAPL and The Fed