Green For A Change
On the heels of the Dow’s 7.7% fall last week, stocks look headed for a
positive bounce Monday as traders wait for the Fed’s big decision on rates due
out Tuesday at 2:15 PM ET.
The Dow futures are trading up 50 points, and the Nasdaq futures are trading
up 13.50 points.
The S&Ps look to open up 4.40 points while the yield on the 10-year
Treasury is 4.79%.
Monday Movers
Rambus
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PowerRating) is getting a little relief from Friday’s 8.29 fall to
15.80 following an unfavorable court ruling. The chip maker, which had traded as
high as 127 last June, is currently trading up to 16.57 in pre-market activity.
Also in the chips, Novellus
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PowerRating) is looking strong and is currently
trading up to 42 following a Friday close of 40 7/8. Novellus is heading back
toward its 50-daty moving average which is at 42.81.
Adobe
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PowerRating) was one of Friday’s few tech winners, gaining 3 5/8 to 28
9/16 following a much better-than-expected earnings report. Adobe is edging
higher in pre-market activity and is currently trading at 28 15/16.
Palm
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PowerRating) is getting a bounce in Monday trade as well, and is
currently trading up to 14 3/16 following a Friday close of 13 1/2.