And The Winner Is…?
Stocks are set for a solid bounce Tuesday following a week’s worth of
election worries and earnings concerns. October retail sales showed a 0.1%
increase, which was slightly ahead of the expected 0.1% decline.
The Nasdaq futures are up 95 points, and the Dow futures are up 87 points.
The S&Ps look to open up 15.5 points while the yield on the 10-year
Treasury is 5.81%.
Tuesday Movers
Juniper Networks
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PowerRating) fell Monday more than 6 to 164 17/32 as it sank
intraday to a three-month low. The stock managed to stay above its 200-day
moving average and is trading up to 171 1/2 in pre-market activity.
Qualcomm
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PowerRating) avoided Monday’s selloff and finished up 1 1/8 to 75
1/16 for its third-straight positive close. The wireless giant is set for a
positive open Tuesday and is trading up to 76 1/8 in pre-market activity.
In the Internet space, downgrades on the formerly high-flying incubators has
CMGI
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PowerRating), and Internet Capital Group
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PowerRating) in the spotlight. CMGI
closed Monday at 14 7/8 and is trading down to 13 5/8 in pre-market activity,
while ICGE is trading flat with Monday’s close at 10 1/16.
Web-based content management and software company FileNET
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PowerRating) rose 3
1/2 to 34 7/8 Monday and has nearly doubled since its record earnings and
revenue numbers that were released on October 12. FileNET is trading up to 35 in
pre-market activity and is within 1/8 of a new multi-month high.