Tuesday, August 29, 2006

Tuesday After Hours Review

The market was up very decently today with higher volume after the released of the FOMC meeting minutes from early August. The consense is that there maybe a slow down in the US economy to cause the FED to pause rate hike in the coming meeting.

Most of the tech companies were higher today. The rally trend is still intact. I would start buying more newer tech names tomorrow. (ADCT) disappointed the street after the close. Look for the stock to trade down lower tomorrow. It forecasted lower sale in the coming quarter.

Today's Reported Earnings
Company (Symbol) Reported Expected Last Year
ADC Telecommunications (ADCT) $0.30 $0.24 $0.29
Novell (NOVL) $0.05 $0.01 $0.03

Tomorrow's Expected Earnings
Company (Symbol) Expected Last Year
JDS Uniphase (JDSU) $0.00 -$0.02
TiVo (TIVO) -$0.14 $0.00

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