Earnings Roll In
As earnings numbers pour in, stocks are looking toward a fairly quiet and
mixed open Tuesday.
The Dow futures are down 12 points, and the Nasdaq futures are up 4 points.
The S&Ps look to open down 0.3 points while the yield on the 10-year
Treasury is 5.74%.
Tuesday News
Citigroup
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PowerRating) posted third quarter earnings of 67 cents per share, topping
First Call/Thomson Financial estimates of 65 cents per share. Citigroup closed
Monday up 1 to 50 13/16.
Also in the financial arena, Merrill Lynch
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per share versus the 86 cents that analysts had predicted. Merrill Lynch closed
Monday up 1/4 to 58 3/8.
In the B2Bs, Broadvision
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PowerRating) was chosen to join the S&P 500, and
that has shares working their way higher. Broadvision closed Monday at 23 11/16
and is trading up to 28 1/16 in pre-market activity.
After a slight pullback Monday, PMC Sierra
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PowerRating) appears headed for a
solid open. PMC Sierra closed Monday down 2 3/4 to 187 11/16 and is currently
trading up to 191 3/16 in pre-market activity.
Monday Follow-up
Juniper Networks
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PowerRating) closed Monday up 14 1/2 at an all-time high 243.
Juniper looks to head higher again Tuesday and is trading up to 243 1/2 in
pre-market activity.