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Stocks are mixed Friday in a
disappointing response to the Intel news.Â
Oil is near its lows for the week. International
trade for January widened to $58.3 billion, worse than expected. The December
number was revised to $55.7 from 56.3 billion.
Intel
(
INTC |
Quote |
Chart |
News |
PowerRating) raised the mid point of their revenue forecast,
saying they see Q1 revenue between $9.2 billion and $9.4 billion, at the high
end of expectations. The company also sees gross margins slightly higher, at 57%
vs. the 55% expected. The stock traded up pre open.
KMart
(
KMRT |
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Chart |
News |
PowerRating) was upgraded to a ‘buy’ at UBS, who gave a $160
price target. KMRT is trading up pre-open.
UBS also upgraded Qualcomm
(
QCOM |
Quote |
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News |
PowerRating), to a ‘buy’ from ‘neutral.’
According to Forbes, these are the top 5 richest people in the world:
Bill Gates                        Â
$46.5 billion
Warren Buffett                 Â
$44.0 billion
Lakshmi Mittal                Â
$25.0 billion
Carlos Slim Helu             Â
$23.8 billion
Prince Alaweed Bin Talal  $23.7 billion
Warner filed a $750 million IPO. No details yet.
Strong sectors are: Natural Gas Â
(
$XNG.X |
Quote |
Chart |
News |
PowerRating)
+1.58%Â Â Oil Services
(
$OSX.X |
Quote |
Chart |
News |
PowerRating) +1.48% Â Â Â
Oil
(
$XOI.X |
Quote |
Chart |
News |
PowerRating) +1.20%
Weak sectors are:Â Semis
(
$SOX.X |
Quote |
Chart |
News |
PowerRating)
-1.72%Â Networking
(
$NWX.X |
Quote |
Chart |
News |
PowerRating) -0.95%Â Â Â
Brokers Â
(
XBD.X |
Quote |
Chart |
News |
PowerRating) -0.97%Â Â Â Â Â
| Dow | -24.02 | 10,827.49 |
| Nasdaq | -9.11 | 2050.61 |
| S&P 500 | -3.37 | 1205.88 |
The dollar is -0.17 at
81.40
Crude Oil is +0.69 at
54.94
Gold is +5.00 at 446.30
billion on the Nasdaq
Market breadth is negative.
| NYSE | Issues | |
| Advancing | 1470 | Up Vol 313 |
| Declining | 1705 | Down Vol 353 |
| 1.15 | 1.12 | |
| Nasdaq |
||
| Advancing | 1350 | Up Vol 272 |
| Declining | 1621 | Down Vol 612 |
| 1.20 | 2.25 |
Stocks in the News
Sports Authority
(
TSA |
Quote |
Chart |
News |
PowerRating) beat by 0.04 but guided lower.
Tech Data
(
TECD |
Quote |
Chart |
News |
PowerRating) beat by 0.07 and guided lower.
Aeropostale
(
ARO |
Quote |
Chart |
News |
PowerRating) beat by 0.02, ex-items.
eResearch
(
ERES |
Quote |
Chart |
News |
PowerRating) lowered guidance to 12%-18% below the low end of the
range.
Mylan
(
MYL |
Quote |
Chart |
News |
PowerRating) raised its full year forecast.
Brice Wightman