Edging Higher
Following Friday’s super-charged bounce from a gap-down open, stocks look to
open moderately higher Monday.
In economic news, existing home sales for August are due out at 10:00 AM ET,
and analysts expect a figure of 4.88 million.
The Nasdaq futures are up 21 points, and the Dow futures are unchanged.
The S&Ps look to open up 4.80 points while the yield on the 10-year
Treasury is 5.85%.
Thursday Movers
mso-fareast-font-family:”Times New Roman”;mso-ansi-language:EN-US;mso-fareast-language:
EN-US;mso-bidi-language:AR-SA” Times>Ciena
(
CIEN |
Quote |
Chart |
News |
PowerRating) is trading higher Monday on
news that Korea Telecom has selected Ciena to build an optical network
throughout several major Korean cities. Ciena closed Friday up 6 1/2 to 120 3/4
and is trading up to 130 in pre-market activity.
PMC
Sierra
(
PMCS |
Quote |
Chart |
News |
PowerRating) was unable to join the rally Friday and finished down nearly
4 points to 221 7/8. PMC Sierra is showing a solid open Monday and is trading up
to 228 1/2 in pre-market activity.
Sycamore
Networks
(
SCMR |
Quote |
Chart |
News |
PowerRating) is also showing strength Monday. After closing Friday up 3
5/16 to 117 11/16, Sycamore is trading up to 122 in pre-market activity.
Friday Follow-up
Juniper
Networks
(
JNPR |
Quote |
Chart |
News |
PowerRating) was one of Friday’s big turnaround gainers, adding more
than 14 points to 225 5/8. Juniper is looking at a healthy open early Monday and
is currently trading up to 231 in pre-market activity.
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