Leaning Green
Stocks are poised for a solid open Friday in a session that should see
lightened volume ahead of the three-day holiday weekend.
November’s durable goods orders rose 2.3%, which was a larger increase than
the 1.6% that analysts had expected. The figure stands in contrast to October’s
large 5.5% decline.
In other economic news, personal income rose 0.4% and personal spending rose
0.3% with each matching analyst estimates.
The Nasdaq futures are up 47.50 points, and the Dow futures are up 25 points.
The S&Ps look to open up 12 points while the yield on the 10-year
Treasury is down to 5.05%.
Friday Movers
Among Thursday’s losers getting a bounce is PMC Sierra
(
PMCS |
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PowerRating), which
after falling 14 3/8 to 69 1/2 yesterday, is trading up to 72 in pre-market
activity.
Also bouncing is JDS Uniphase
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PowerRating) which hit a 52-week low Thursday as
it sank 2 3/4 to 43 1/4. JDS Uniphase is currently trading up to 45 1/8 in
pre-market activity.
Bellwether Cisco
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PowerRating) is also trading higher Friday following
Thursday’s 2 3/8 gain to 38 7/8. Cisco is currently trading up to 40 1/4 in
pre-market activity.
In the B2B space, Ariba
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PowerRating) is set for a higher open and is trading
up to 50 7/16 after finishing Thursday up 5/8 to 47 7/8. Ariba’s Thursday close
left it at levels not seen since Nov. 1999.