Mellow Open
Stocks are seeing a mixed open Tuesday as traders await the August consumer
confidence numbers and the July new home sales report.
The Nasdaq futures are up 4 points, and the Dow futures are down 23 points.
The S&Ps look to open down 1.20 points, while the 10-year Treasury is
flat at 5.78%.
Today’s economic numbers will be released at 10:00 AM ET, and analysts look
for a consumer confidence reading of 141.7 and a new home sales figure of 837,000.
This Morning
Shares of chip maker Rambus
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PowerRating) are trading sharply lower following
news that rival Micron
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company. Rambus closed Monday at 84 and is trading at 75 15/16 in pre-market
activity.
Amazon
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PowerRating) that
will give Amazon more prominent exposure on AOL, and that has helped move Amazon
up in Tuesday trading. Amazon closed Monday at 39 1/8 and is trading up to 40
1/8 in pre-market trading.
Monday Follow-up
Telecom giant AT&T
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PowerRating) said its third
quarter earnings would likely come in 5 cents lower than expectations because of
charges related to the company’s stake in high speed Internet access company
Excite/@Home
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PowerRating). AT&T closed Monday at 30 1/4.
Excite/@Home
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PowerRating) announced a reorganized board of directors Monday,
and that is helping the stock in early morning trade. Excite/@Home closed Monday
at 13 15/16 and is trading up to 15 1/4 in pre-market activity.
Yahoo!
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PowerRating), which fell more than 12 points to 122 1/16 on Monday
after worrisome comments from a Lehman Brothers analyst, is edging back somewhat
and is trading at 122 7/8 in pre-market activity.
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