Green Lean
A slightly stronger-than-expected April employment report has rallied stocks
from early lows, and both the Dow and Nasdaq are currently looking at openings
in the green.
Unemployment ticked down to 4.4% which surprised many analysts who thought
the unemployment rate would remain steady at 4.6%. Non-farm payrolls fell 19,000
which was less than the anticipated decline of 30,000.
The Nasdaq futures are up 21.50 points, and the Dow futures are up 27 points.
The S&Ps look to open down 1.3 points while the yield on the 10-year
Treasury is 5.49%.
Friday Movers
Fuel Cell
(
FCEL |
Quote |
Chart |
News |
PowerRating) is set for a gap-up open after its announced 32 cent
per share earnings topped estimates by 4 cents per share. Fuel Cell closed
Thursday up 2.15 to 73.97 and is currently trading up to 77.50 in pre-market
activity.
In the chips, Novellus
(
NVLS |
Quote |
Chart |
News |
PowerRating) is looking at a bounce after affirming
earnings projections will likely be met. NVLS closed Thursday at 47.90 and is
currently trading up to 50.12 in pre-market activity.
Also looking up in the SOX is Applied Materials
(
AMAT |
Quote |
Chart |
News |
PowerRating) which is trading
up to 51.05 following a Thursday close of 49.93.
Sun Microsystems
(
SUNW |
Quote |
Chart |
News |
PowerRating), the disaster of the week which weighed on tech,
is trading higher. Sun closed up slightly Thursday to 16.47 and is currently
trading up to 16.70 in pre-market activity.
Redback Networks
(
RBAK |
Quote |
Chart |
News |
PowerRating) is set for a strong open and is currently
trading up to 15.41 following a Thursday close of 14.44.