Slightly Sluggish
Following six straight winning sessions, the Nasdaq has its work cut out for
it Wednesday as stocks are looking at a moderately sluggish open. Despite the
red tape, though, there are some signs of individual strength in select techs.
The Nasdaq futures are down 9.50 points, and the Dow futures are down 13
points.
The S&Ps look to open down 3.50 points while the yield on the 10-year
Treasury is 5.39%.
Wednesday Movers
Positive comments from Goldman Sachs have Dell Computer
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DELL |
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PowerRating) heading
higher in early trade. The computer giant is trading up to 27.31 following its
Tuesday close where it gained .10 to 25.94.
3D graphic processor maker NVIDIA
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NVDA |
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PowerRating) is trading at new all-time
highs this morning following word the company will join the Nasdaq 100 as of May
31. NVDA closed Tuesday up 2.70 to 92.90 and is currently trading up to 97.90 in
pre-market activity. The company’s current market cap is $6.5 billion.
After holding above its 200-day moving average Tuesday for the
second-straight day, Qualcomm
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QCOM |
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PowerRating) is set for a positive open. The
wireless player is currently trading up to 70.70 following a Tuesday close of
69.91.
Financial software maker Intuit
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INTU |
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PowerRating) said after the bell Tuesday that
its fiscal third quarter earnings jumped 53%, and that is helping propel the
stock in early trading. Intuit closed Tuesday down .47 to 31.15 to complete a
three-day pullback, and is currently trading up to 33.61 in pre-market activity.
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