As Of Tomorrow, This Popular Stock Will Be More Affordable–Here’s Why
Stocks were mixed Monday after WalMart gave a weaker-than-expected Black Friday sales report.
Wal Mart
(
WMT |
Quote |
Chart |
News |
PowerRating) cut its November sales forecast, saying sales in the
week ended Black Friday did not meet expectations.
Genentech
(
DNA |
Quote |
Chart |
News |
PowerRating) was halted earlier in
the day. Its Avastin was shown to extend survival in colorectal cancer. The
stock gapped up upon re-opening and is trading at 50, up 1.14. Protein Design
Labs
(
PDLI |
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Chart |
News |
PowerRating), which receives royalties on Avastin from Genetech, rose.
Imclone
(
IMCL |
Quote |
Chart |
News |
PowerRating) fell on the news.
Kellog
(
K |
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Chart |
News |
PowerRating) fell 3% after Bush nominated
CEO Carlos Gutierrez to Commerce Secretary.
Microsoft
(
MSFT |
Quote |
Chart |
News |
PowerRating) will distribute its
special $3/share dividend on Thursday; $33 billion will be distributed–$10
billion to individuals and $22..6 to institutions.
Making new highs today include: the Russell 2000,
Mid-Cap Index, Transports and Utilities.
Taser’s
(
TASR |
Quote |
Chart |
News |
PowerRating) 2:1 stock split takes
effect tomorrow.
| Dow | -46.33 | 10475.90 |
| S&P 500 | -4.08 | 1178.57 |
| Nasdaq | +4.90 | 2106.87 |
Strong sectors were:
Healthcare Providers
(
HMO.X |
Quote |
Chart |
News |
PowerRating) +0.83%, Insurance
(
IUX.X |
Quote |
Chart |
News |
PowerRating)
+0.52%, Airlines
(
XAL.X |
Quote |
Chart |
News |
PowerRating) +0.43%.
Weak were: Oil Services
(
OSX.X |
Quote |
Chart |
News |
PowerRating)
-0.98%, Natural Gas
(
UTY.X |
Quote |
Chart |
News |
PowerRating) -1.12%, Retail
(
RLX.X |
Quote |
Chart |
News |
PowerRating)
-0.95%.
The dollar was +0.17 at 81.94
Gold was +3.30 to 453.30
Crude Oil was +0.21 at 49.65
billion on the Nasdaq.
Market breadth was negative.
| NYSE | Issues | |
| Advancing | 1456 | Up Vol 572 |
| Declining | 1905 | Down Vol 791 |
| Ratio | 1.30 | 1.38 |
| Nasdaq |
||
| Advancing | 1791 | Up Vol 1128 |
| Declining | 1347 | Down Vol 683 |
| Ratio | 1.32 | 1.65 |
Stocks in the News.
Nike
(
NKE |
Quote |
Chart |
News |
PowerRating) was the subject of a positive article in Barron’s.
Apple Computer’s
(
AAPL |
Quote |
Chart |
News |
PowerRating) price target was raised at Merrill Lynch,
to $78.
Forest Labs’
(
FRX |
Quote |
Chart |
News |
PowerRating) pain medication Combunox was approved by the
FDA.
Electronic Data Systems
(
EDS |
Quote |
Chart |
News |
PowerRating) received at 10-year, $382 million
contract from the government of British Columbia.
Gateway
(
GTW |
Quote |
Chart |
News |
PowerRating) was the subject of a positive article in Barron’s
which gave a $7 price target.
Brice Wightman