Are Higher Gas Prices Starting To Affect Consumers?

Stocks are mixed as investors weigh good economic
data with lowered guidance from Wal-Mart.
Retail sales surged 1.4%,
double the expectation and the biggest gain since September. Wal-Mart
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missed by a penny at 0.55. Q1 sales rose 9%. The company now sees Q2 at 0.63 –
0.67…”challenging.”  Wal-Mart blamed wet weather and higher gas prices.

Moody’s cut Ford debt to BAA2 from A3; the lowest investment grade
rating.

Urban Outfitters
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beat by 0.02. Sales rose 36%.

FedEx
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reaffirmed Q4 guidance.

Mylan Labs
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beat by 0.02.

Napster
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beat estimates by 0.03 although the Q4 loss grew
almost fourfold from a year ago. This, despite a tripling in revenues.

ETrade
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is lower pre-open after Ameritrade
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said the company is not for sales.

After the close today, look for Dell to report; the consensus is 0.37.

Strong sectors are:   Semis 
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+1.06%   
Biotech

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+0.34%     Disk Drives 
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+0.65%

Weak sectors are:   Oil Services
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-3.01%   
Oil

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-2.28%    Natural Gas
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-2.29% 

Dow -5.54 10,294.71
Nasdaq +4.53 1976.08
S&P 500 -1.80 1169.31

The dollar is +0.51 at
85.45

Crude Oil is -1.35 at
50.60

Gold is -3.00 at 423.70

ce=”Arial” size=”2″ face=”Arial”>Volume is 731 million on the NYSE and 742
million on the Nasdaq.

Market breadth is negative.

NYSE Issues
Advancing 1257 Up Vol 292
Declining 1758 Down Vol 360
1.26 1.44
Nasdaq
Advancing 1460 Up Vol 500
Declining 1324 Down Vol 193
1.02 1.95

Stocks In The News

Brice Wightman

 

 

 

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