If you're feeling good about the market, you're not alone. Take my hand as we go over some of this week's more uplifting headlines.
1. Apple jacks
iPods? We don't need no stinkin' iPods!
Apple
Even the seemingly ho-hum performance of its Macs -- growing merely in the teens -- is better than industry reports of the PC industry.
The end result is that revenue soared 82% to $28.57 billion, and earnings soared 125% to $7.79 a share. Analysts figured that Apple would earn just $5.80 a share on less than $25 billion in revenue.
Apple landing ahead of the pros is a quarterly ritual that probably goes all the way back to Steve Jobs' first black mock turtleneck. However, this quarter was a sound thrashing even when stacked against the company's historical beatings.
2. Amazon's troublesome Tribbles
Amazon.com
Amazon struck a content licensing deal with CBS
Sweet timing, right? The streaming smorgasbord leader is dramatically tweaking its pricing model, so in comes Amazon to take over the value end of the market.
3. Teaching Quepasa a new language
Quepasa
Quepasa will be paying $100 million, mostly in stock, to acquire the parent company of myYearbook. This is a pretty big deal for a company that commanded a market cap of only $112 million just before the purchase was announced.
The reason this makes the "smart" move cut is because it will more than double Quepasa's size, emphasizing the lucrative opportunities in social gaming.
Insider Guides' myYearbook generated $4.9 million in EBITDA last year, as revenue climbed 53% to $23.7 million. Quepasa posted an operating loss on a mere $6.1 million in revenue last year.
The appeal of myYearbook is that it's a popular social site that relies on casual games and a proprietary virtual currency to turn gaming strangers into friends. Given the ridiculous valuations being bandied about for Zynga's upcoming IPO, it's a great place for the new and improved Quepasa to be.
4. Broker poker
Shares of E*TRADE
You know that a pairing makes sense when larger rival TD AMERITRADE
Trading volumes have been sluggish for the industry in recent months, but E*TRADE was able to post improving bottom-line results through a refreshingly sharp drop in loan loss provisions.
One can argue that the E*TRADE Baby parent doesn't need to get hitched now that it's profitable and cleaning up its once problematic banking operations, but E*TRADE and TD AMERITRADE would look so good together.
Get a room already, you two!
5. Baidu goes for a two-fer in China
Baidu
China's leading search engine began offering a free Internet browser on Monday. Having a popular browser hasn't historically translated into a spike in search engine traffic, but everything that Baidu can do to guide the online experience will pay off in the long run.
On Tuesday, Baidu announced a content licensing deal with three major record labels, beefing up its efforts to offer free ad-supported music streams and downloads. Baidu is trying to shake its reputation as a source for third-party pirated music files, and offering free access to legal content is a win-win for the labels and Baidu.