Do You Like Gold? Now, Here’s A New Way Trade It
Blue chips are higher while
the Nasdaq is flat Thursday.
Applied Materials
(
AMAT |
Quote |
Chart |
News |
PowerRating) beat by a penny as quarterly profit
rose, but the company said orders in the current period will be down 35%.
Intel CEO Craig Barrett said he expects better performance in the
first half of 2005.
Jobless claims for the week ending 11/13 fell
3000 to 334,000, matching forecasts; the 4-week moving average rose to 338,250.
The Conference Board’s index of leading economic indicators fell 0.3%, the fifth
straight monthly decline.
Does the rally have legs? That’s the question
trader’s are asking. The bulls say we are playing catch-up, and the bears say
watch out for slowing earnings next year.
The streetTRACKS Gold ETF (GLD) begins trading today, the first
commodity-based ETF. The price is 1/10 of that of gold. An oil ETF is in the
works, too.
The USDA said a second possible case of Mad Cow
disease was found in the US. Cattle were limit down. Definitive test results
will take 4-7 days.
You think you get lots of spam in your e-mail?
Microsoft CEO Steve Ballmer said that Bill Gates gets 4 million per day!
This day in history: In 1883, the railroads
created time zones.
| Dow | +18.48 | 10568.05 |
| S&P 500 | +0.23 | 1182.17 |
| Nasdaq | -1.76 | 2097.92 |
Strong sectors are: Airlines
(
XAL.X |
Quote |
Chart |
News |
PowerRating) -1.31% Chemicals
(
CEX.X |
Quote |
Chart |
News |
PowerRating) +1.19%, Oil
Services
(
OSX.X |
Quote |
Chart |
News |
PowerRating) +0.58%.
Weak sectors are: Gold
(
XAU.X |
Quote |
Chart |
News |
PowerRating) -1.74%, Brokers
(
XBD.X |
Quote |
Chart |
News |
PowerRating) -0.38%, Insurance
(
IUX.X |
Quote |
Chart |
News |
PowerRating)
-0.35%.
The dollar is +0.41 at 83.70
Gold is -3.60 at 441.10
Crude Oil is -0.67 at 46.45
956 million on the Nasdaq.
Market breadth is negative.
| NYSE | Issues | |
| Advancing | 1429 | Up Vol 287 |
| Declining | 1715 | Down Vol 295 |
| Ratio | 1.20 | 1.02 |
| Nasdaq |
||
| Advancing | 1190 | Up Vol 460 |
| Declining | 1726 | Down Vol 432 |
| Ratio | 1.45 | 1.06 |
Stocks in the News
Medtronic
(
MDT |
Quote |
Chart |
News |
PowerRating) missed by a penny
but gave a weaker forecast.
Intuit
(
INTU |
Quote |
Chart |
News |
PowerRating) beat by 0.03 and guided lower.
Altria
(
MO |
Quote |
Chart |
News |
PowerRating) was upgraded at Prudential to Overweight.
Google
(
GOOG |
Quote |
Chart |
News |
PowerRating) issued cautionary S-1 statements.
Instinet
(
INGP |
Quote |
Chart |
News |
PowerRating) is for sale, according to The New York Times,
and has retained UBS.
Limited
(
LTD |
Quote |
Chart |
News |
PowerRating) was in-line, but profits were lower.
Brice Wightman