Decisions Decisions
Ahead of the Index of Leading Economic Indicators and October’s new home
sales number which are due out at 10:00 AM ET, the Nasdaq is edging higher and
the Dow and S&P are flat.
The Nasdaq futures are trading up 24 points, and the Dow futures are down 8
points.
The S&Ps are down a half of a point while the yield on the 10-year
Treasury is 5.47%.
Analysts expect a decrease of 0.2% in the Index of Leading Indicators and
900,000 new home sales.
Monday Movers
Qualcomm
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PowerRating) is trading higher after announcing an agreement with
China to use Qualcomm’s wireless CDMA technology standard. Qualcomm closed
Friday at 83 and is trading up to 88 5/8 in pre-market activity.
JDS Uniphase
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PowerRating) bounced up 6 1/16 to 56 3/16 on Friday on nearly
double average volume and is set for more gains Monday. JDSU is currently
trading up to 57 3/8 in pre-market activity.
Following a 10% pummeling on Friday after a CS First Boston downgrade, Intel
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PowerRating) is showing some bounce. Intel closed Friday at 34 1/8 and is trading
up to 34 15/16 in pre-market activity.
Pepsi
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PowerRating)
for $97.46 per share. Pepsi closed Friday down 5 to 42 3/8 while Quaker gained 1
11/16 to 88 5/8. Among Quaker’s biggest brands that most likely interests Pepsi
is the top-selling sports drink Gatorade.