Mixed Start For May
Stocks are looking at a mixed open Tuesday ahead of the March NAPM and
construction numbers which are due out at 10:00 AM ET. Analysts expect a NAPM of
43.9 and a 0.2% increase in construction spending.
The Dow futures are up 24 points, and the Nasdaq futures are down 2.50
points.
The S&Ps look to open down 3.30 points while the yield on the U.S.
Treasury is holding at 5.32%.
Tuesday Movers
Qualcomm
(
QCOM |
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PowerRating) posted second quarter earnings of 29 cents per share
after the bell Monday which were in line with estimates. The wireless giant has
edged lower in early action and is trading down to 57.00 following a Monday
close of 57.36.
Dell Computer
(
DELL |
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PowerRating) is under a little pressure following some negative
comments from Merrill Lynch. Dell closed Monday at 26.29 and is currently
trading down to 25.85 in pre-market activity.
After closing up 4.01 to 59.03 on Monday, Juniper Networks
(
JNPR |
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News |
PowerRating) is
looking at an up open and is currently trading up to 59.25 in pre-market
activity.
In the “back from the dead” department, Priceline
(
PCLN |
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PowerRating) is
trading higher following an analyst upgrade at Goldman Sachs. Priceline closed
Monday at 4.85 and is trading up to 6.35 in pre-market activity.