Boeing Is Flying Higher…Here’s Why

February 4, 2005
Brice Wightman

Stocks are higher across
the board. Despite the weaker than jobs number, stocks are higher
this mid-day.

January nonfarm payrolls rose +146,000, lower
than expected. December was revised to 133K from 157K. Unemployment fell to 5.2%
vs. 5.4% in December. Average hourly earnings rose 0.2%. The University of
Michigan sentiment number for January was 95.5, down from December’s 97.1.

Time Warner
(
TWX |
Quote |
Chart |
News |
PowerRating) reported 0.20, better than expected.

Boeing
(
BA |
Quote |
Chart |
News |
PowerRating) received an order from Japan Airlines for 30 737
jets–worth $1.8 billion.

Ask Jeeves
(
ASKJ |
Quote |
Chart |
News |
PowerRating) beat by 0.03; earnings jumped 130% in Q4.

Dow		10,627.24
S&P 500		1194.68
Nasdaq		2069.73

The dollar is +0.09 at
83.12

Crude Oil is +0.30 at
46.75

Gold is -2.50 to 416.00

ce=”Arial” size=”2″ face=”Arial”>Volume is 881 billion on the NYSE and
896 Million on the Nasdaq.

Market breadth is positive.

NYSE	Issues
Advancing	2205	Up Vol 495
Declining	964	Down Vol 206
	2.28	2.40
Nasdaq
Advancing	1726	Up Vol 656
Declining	1198	Down Vol 257
	1.44	2.55

Stocks in the News

Ryder
(
R |
Quote |
Chart |
News |
PowerRating) beat by 0.04, but guided slightly lower.

DoubleClick
(
DCLK |
Quote |
Chart |
News |
PowerRating)
reported 0.08, beating by 0.02; earnings nearly tripled.

Sapient’s
(
SAPE |
Quote |
Chart |
News |
PowerRating) earnings tripled,
but missed estimates. The company said it found a “material weakness”Â
in its internal financial controls.

Avid Tech
(
AVID |
Quote |
Chart |
News |
PowerRating)
beat by 0.02, ex-items.

Brice Wightman

Boeing Is Flying Higher…Here’s Why

BUY THE FEAR, SELL THE GREED

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