Soggy Open
On the heels of last week’s impressive 14% Nasdaq gain, stocks are looking at
a soggy open Monday to start an earnings-filled week that will undoubtedly put
the recent rally to the test.
The Nasdaq futures are down 42 points, and the Dow futures are down 15
points.
The S&Ps look to open down 7.70 points while the yield on the 10-year
Treasury is 5.28%.
The next big economic number out is the consumer confidence report due out on
Tuesday.
Monday Movers
Following its 2-week more than 30 point gain, Juniper Networks
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PowerRating) is
taking a breather. Juniper closed Friday at 65.35 and is currently trading down
to 63.40 in pre-market activity.
Oracle
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Brothers. After closing down .56 to 19.75 on Friday, Oracle has slipped to 18.61
in pre-market activity.
Ahead of earnings due out on Wednesday, Qualcomm
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QCOM |
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lower open. The wireless leader lost 2.47 on Friday to close at 63.83 and is
currently trading down to 61.00 in pre-market activity.
Amazon
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PowerRating) is holding its own following recent gains, with the e-tail
giant trading up a penny to 15.79 in pre-market activity.