Three Downgrades On This Nasdaq Stock…

  • January 20, 2005
  • Brice Wightman

Stocks are lower after eBay reported disappointing
earnings.

eBay
(
EBAY |
Quote |
Chart |
News |
PowerRating) reported pro-forma earnings of 0.33
vs 0.34 consensus; revenues were 935.8 million vs 934.36 million estimate. The
company announced a 2:1 stock split. The stock fell after hours. Analysts
estimate that 405 million items were posted on eBay last quarter.  Piper
Jaffray, Deutsche Bank and Friedman Billings Ramsay all downgraded the stock.

Qualcomm
(
QCOM |
Quote |
Chart |
News |
PowerRating) reported 0.27, missing by a penny; revenue was in-line. The company
guided lower and the stock sold off after hours.

Citigroup
(
C |
Quote |
Chart |
News |
PowerRating) beat estimates and boosted its dividend by 10%.
Profits rose 12%.

Earnings this far this quarter are OK, not great. Inflows into stock funds
have been less than normal; January is usually a strong month for fund inflows.

George W. Bush was inaugurated in the second term as the 43th
President of the United States.

Strong sectors are: Semis
(
SOX.X |
Quote |
Chart |
News |
PowerRating) +0.73%, Computer Tech
(
XCI.X |
Quote |
Chart |
News |
PowerRating) +0.03% Biotech
(
BTK.X |
Quote |
Chart |
News |
PowerRating) +0.25%.

Weak sectors are: Retail
(
RLX.X |
Quote |
Chart |
News |
PowerRating) -2.82%, Internet
(
GIN.X |
Quote |
Chart |
News |
PowerRating)
-2.22%, Airlines
(
XAL.X |
Quote |
Chart |
News |
PowerRating) -1.48%.

Dow -16.56 10,523.41
S&P 500 -4.25 1180.38
Nasdaq -9.54 2064.45

The dollar is +0.28 at
83.88

Crude Oil is -0.31 at
47.55

Gold is -0.30 to 422.30

ce=”Arial” size=”2″ face=”Arial”>Volume is 703 million on the NYSE and

1 billion on the Nasdaq.

Market breadth is negative.

NYSE Issues
Advancing 1095 Up Vol 219
Declining 1091 Down Vol 402
1.00 1.83
Nasdaq
Advancing 1099 Up Vol 421
Declining 1784 Down Vol 540
1.62 1.28

Stocks in the News

Symantec
(
SYMC |
Quote |
Chart |
News |
PowerRating) beat by 0.02 and raised its outlook.

Extreme Networks
(
EXTR |
Quote |
Chart |
News |
PowerRating)
beat by 0.04.

F5 Networks
(
FFIV |
Quote |
Chart |
News |
PowerRating) beat by 0.05, beat on revenues and
guided higher.

Ford
(
F |
Quote |
Chart |
News |
PowerRating) reversed a year ago loss and beat by a penny.

United Health’s
(
UNH |
Quote |
Chart |
News |
PowerRating) profit rose 46% and earnings beat by a
penny. The company also guided higher.

Harley Davidson
(
HDI |
Quote |
Chart |
News |
PowerRating) beat by .02.

Brice Wightman

 

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