Are You On Board For This 16-Year High?
Stocks are relatively quiet as
investors lock in recent gains.Â
Even lower oil has failed to lift the market today.
Oil is at an 8-week low, now under $46. Gold, meanwhile, hit a 16-year high at
$440.
Intel
(
INTC |
Quote |
Chart |
News |
PowerRating) was lowered at First Albany, to underperform.
Sun Microsystems
(
SUNW |
Quote |
Chart |
News |
PowerRating) introduced Solaris 10, its new operating
system.
Microsoft
(
MST |
Quote |
Chart |
News |
PowerRating) is trading ex-dividend ($3). The company is hiring
several hundred new staff at its new facility in Hyderabad, India, and plans to
hire “hundreds over the next 12 months,” says CEO Steve Ballmer. Ballmer said
that the new hires in India would not mean a loss of jobs in the U.S.
| Dow | +9.45 | 10548.61 |
| S&P 500 | -1.44 | 1182.73 |
| Nasdaq | +2.93 | 2088.27 |
Strong sectors are:
Airlines
(
XAL.X |
Quote |
Chart |
News |
PowerRating) +3.64%, Semis
(
SOX.X |
Quote |
Chart |
News |
PowerRating) +1.58%.
Weak sectors are: Oil Services
(
OSX.X |
Quote |
Chart |
News |
PowerRating)
-3.59%, Natural Gas
(
XNG.X |
Quote |
Chart |
News |
PowerRating) -2.20%
The dollar is +0.34 at
84.03
Gold is -1.80 at 436.40
Crude Oil is -1.49 at 46.12
943 million on the Nasdaq.
Market breadth is negative.
| NYSE | Issues | |
| Advancing | 1586 | Up Vol 334 |
| Declining | 1605 | Down Vol 308 |
| Ratio | 1.01 | 1.08 |
| Nasdaq |
||
| Advancing | 1370 | Up Vol 640 |
| Declining | 1597 | Down Vol 293 |
| Ratio | 1.16 | 2.18 |
Stocks in the News
Dow Jones
(
DJ |
Quote |
Chart |
News |
PowerRating) will buy Marketwatch for $520 million ($18/share).
Lowe’s
(
LOW |
Quote |
Chart |
News |
PowerRating) beat estimates.
E-Trade
(
ET |
Quote |
Chart |
News |
PowerRating) reported its monthly data. Retail DARTS (daily average
revenue trades) increased +21%
Family Dollar
(
FDO |
Quote |
Chart |
News |
PowerRating) is a “compelling bargain” says Barron’s.
Brice Wightman