Earnings Kickoff
Stocks are looking at a down open Monday as traders prepare for a full week
of economic numbers and the kickoff of a crucial earnings season.
The Dow futures are down 55 points, and the Nasdaq futures are down 34
points.
The S&Ps look to open down 5.60 points while the yield on the 10-year
Treasury is 5.08%.
Although Monday is light on economic news, the batch of numbers due out
Tuesday includes March new housing starts, the Consumer Price Index, capacity
utilization, and industrial production numbers.
Monday Movers
Following its 18% gain on Friday, recently red hot Juniper Networks
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PowerRating)
is taking a breather. Juniper closed Friday up 7.71 to 50.47 and is currently
trading down to 47.74 in pre-market activity.
In the closely watched chip sector, Applied Materials
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AMAT |
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PowerRating) is trading
down to 48.55 following its Friday close of 49.47.
Also in the SOX is Altera
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PowerRating) which is trading down to 26.75
following its Friday close of 27.72.
Veritas Software
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PowerRating) is also trading lower, and following a Friday
close of 60.70, the stock is currently trading at 58.80.
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