Big Contract Boosts This Defense Stock
The Dow is down 68 to 8364, the Nasdaq down 10 to 1357, and the S&P is down 8 to
881.Volume is light, as many traders are done for the year. NYSE Advancers
1057; Decliners 1971. Sectors across the board are in the red.
New home sales rose 5.7% in November.
Pulte Homes
(
PHM |
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PowerRating) is trading down .54 to
48.47, while KB Homes
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KBH |
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JP Morgan
(
JPM |
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PowerRating) and Morgan Stanley
(
MWD |
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expect there will be fewer investment bankers a year from now. Investment
banking industry revenues have plunged 40% in the past two years.
Lockheed Martin
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LMT |
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fighters to the Polish air force. LMT is trading at 57.56, up .66. Also in
defense, General Dynamics
(
GD |
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PowerRating) is trading up .83 to 79.59.
An appeals court dismissed a suit by
Pepsico
(
PEP |
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Coca-Cola
(
KO |
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PowerRating) over
access to the fountain-dispensed market. PEP is trading at42.02, down .39.
Unocal
(
UCL |
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PowerRating) cut its Q4 guidance, to .40-.50 from .50-.60. UCL is at 30.34,
down 1.31.