Here’s What To Expect For Tuesday’s PPI Number
Stocks were relatively quiet
as investors locked in recent gains.Â
Even lower oil has failed to lift the market
substantially toay. Oil is at an 8-week low, now under $46. Gold, meanwhile, hit
a 16-year high at $440.
Intel
(
INTC |
Quote |
Chart |
News |
PowerRating) was lowered at First Albany, to underperform.
Sun Microsystems
(
SUNW |
Quote |
Chart |
News |
PowerRating) introduced Solaris 10, its new operating
system; the stock rose 4.7%.
Microsoft
(
MST |
Quote |
Chart |
News |
PowerRating) is trading ex-dividend ($3). 223 companies have
boosted dividends this year as compared with 200 a year ago.
The company is hiring several hundred new staff at its new facility in Hyderabad,
India, and plans to hire “hundreds over the next 12 months,” says CEO Steve
Ballmer. Ballmer said that the new hires in India would not mean a loss of jobs
in the U.S.
Tomorrow, look for the PPI numbers; +0.6% is expected, with the core +0.1%.
| Dow | +11.23 | 10550.24 |
| S&P 500 | +0.36 | 1183.81 |
| Nasdaq | +8.75 | 2094.09 |
Strong sectors were:
Airlines
(
XAL.X |
Quote |
Chart |
News |
PowerRating) +3.46%, Healthcare Providers
(
HMO.X |
Quote |
Chart |
News |
PowerRating)
+1.88%.
Weak sectors were: Oil Services
(
OSX.X |
Quote |
Chart |
News |
PowerRating)
-3.22%, Natural Gas
(
XNG.X |
Quote |
Chart |
News |
PowerRating) -1.76%
The dollar was +0.32 at
83.95
Gold was -1.70 at 436.50
Crude Oil was -0.46 at 46.95
1.88 billion on the Nasdaq.
Market breadth was positive.
| NYSE | Issues | |
| Advancing | 1848 | Up Vol 772 |
| Declining | 1481 | Down Vol 663 |
| Ratio | 1.24 | 1.16 |
| Nasdaq |
||
| Advancing | 1744 | Up Vol 1351 |
| Declining | 1383 | Down Vol 503 |
| Ratio | 1.26 | 2.68 |
Stocks in the News
Dow Jones
(
DJ |
Quote |
Chart |
News |
PowerRating) will buy Marketwatch for $520 million ($18/share).
Lowe’s
(
LOW |
Quote |
Chart |
News |
PowerRating) beat estimates.
E-Trade
(
ET |
Quote |
Chart |
News |
PowerRating) reported its monthly data. Retail DARTS (daily average
revenue trades) increased +21%
Family Dollar
(
FDO |
Quote |
Chart |
News |
PowerRating) is a “compelling bargain” says Barron’s.
Brice Wightman