ISDEX finds some stability after a bout of profit taking. And no wonder after a year to date sprint of more than 100% gains. Investor focus the past few trading sessions has been on the Dow, which rockets to new highs.
Dow continues its upward trend::
The Dow Jones industrial average has hit a new record high in 12 of the past 17 Britians top 10 toys in spotlight as shoppers face an ever-longer
http://www.financialpost.com/story.html?id=16a36653-c117-4191-9772-8100930393a3HOME |
Lycos (NASDAQ:LCOS) expects to meet its fiscal third--quarter analyst estimates which First Call slates at a loss of $0.03 per share. Shareholders vote in July whether or not to approve Lycos' merger with USA Networks run by Barry Diller. Pro forma LCOS shareholders would own 30% of USA/Lycos.
Dow Nears Record as Confidence Climbs::
A key gauge of consumers mood came in higher than expected. Lowes warned on profits and Lennar posted lackluster earnings.
http://www.businessweek.com/investor/content/sep2006/pi20060926_0?site=cbs&campaign_id=cbsHOME |
Amazon.com (NASDAQ:AMZN) finds believers in its embracing of the auction space, prompting DLJ to set a $280 per share target. I think the lineup of Web stocks is AOL (NYSE:AOL), Yahoo (NASDAQ:YHOO), Amazon (NASDAQ:AMZN). So you can see who Amazon needs to beat if all these converge in the same space soon. I believe Amazon needs traffic though, more users, a community site, to match its book, music and movie fans with their own home pages.
ECO:nomics conference puts big business in the green spotlight ::
a report from Dow Jones VentureSource, venture capitalists invested a record $3 High style in the 2008 Rolls Royce Phantom
http://www.marketwatch.com/news/story/economics-conference-puts-b7-47C5-A249-D114B73AE131}HOME |
Beyond.com (NASDAQ:BYND) surpasses 1 million customers. Could be a sign that the software etail/ESD provider may be making in-roads. I still await to see how Buydirect.com affects the top line/bottom line. My forecast could see it add perhaps $10 million revenue this year but the losses could hamper overall results.
Correction: this morning's report should be Network Associates and not Network Solutions.
Steve Harmon's new book -- Zero Gravity: Riding Venture Capital from High-Tech Start-up to Breakout IPO -- available from Bloomberg Press soon!
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