Bear Takes A Break
Stocks are set for a strong open Tuesday following a better-than-expected
showing in a downward-revised fourth quarter productivity report. The 2.2% rate
topped the 2.0% that analysts expected.
The Nasdaq futures are up 60 points, and the Dow futures are up 78 points.
The S&Ps look to open up 12 points while the yield on the 10-year
Treasury is up to 5.00%
Tuesday Movers
Veritas Software
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PowerRating) is making a strong showing in early trading
after the company’s management said they were comfortable with analyst
expectations. Veritas closed Monday at 59 13/16 and is currently trading up to
64 15/16 in pre-market activity.
Following Monday’s 3.6% rise, chip giant Intel
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PowerRating) is also looking at
an up open. Intel closed Monday at 30 3/8 and is currently trading up to 31 1/8
in pre-market activity.
After closing Monday at a 16-month low, Siebel Systems
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PowerRating) is getting
a bounce. Siebel closed at 31 1/4 and is currently trading up to 32 1/2 in
pre-market activity.
Qualcomm
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PowerRating) is also showing some juice, and is currently trading up
to 65 1/8 following Monday’s gain of 2 7/16 to 62 15/16.