Looking For Legs
Stocks look set to build on Friday’s gains that took the Nasdaq up 2% and the
Dow up a little more than 1%.
The Nasdaq futures are up 42 points, and the Dow futures are up 30 points.
The S&Ps look to open up 7.2 points while the yield on the 10-year
Treasury is 5.30%.
In economic news, personal income for March showed a 0.5% increase while
personal spending increased 0.3%. Both figures were as expected.
Monday Movers
Juniper Networks
(
JNPR |
Quote |
Chart |
News |
PowerRating) managed to close right on its 50-day moving
average Friday with its gain of 3.12 to 55.02. Juniper is getting a bounce from
there and is currently trading up to 57.61 in pre-market activity.
Cisco Systems
(
CSCO |
Quote |
Chart |
News |
PowerRating) is trading higher on heavy pre-market volume
following its Friday gain of .39 to 15.60. Cisco is currently trading up to
16.32 in early action.
Applied Micro Circuits
(
AMCC |
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Chart |
News |
PowerRating) is looking at a solid gap up as it is
trading up to 24 in pre-market activity following a Friday close of 22.95.
Rambus
(
RMBS |
Quote |
Chart |
News |
PowerRating) is in a fade in early action and is currently trading down
to 16.40 following a Friday close of 17.07.