Bulls Run Wild
Stocks staged a broad based rally
Thursday, with the Dow up by triple digits. Economic
data helped, as did a broker report on a Dow component.
Bear Stearns said Intel
(
INTC |
Quote |
Chart |
News |
PowerRating) would up its Q4
revenue outlook next week in its mid-quarter update..
Personal income for October rose +0.4% in-line.
Personal spending rose 0.2% also inline. Jobless claims for the week
of 11/26 fell 17,000 to 320,000. Construction spending rose 0.7% in
October. The ISM Index was 58.1 in November vs. 59.1 in October.
AT&T returned to the NYSE under the symbol “T.” The
stock closed at 25.30, up 0.39.
Aeropostale
(
ARO |
Quote |
Chart |
News |
PowerRating) announced that
total net sales for November increased 26.7% to $134.3 million from $106.0
million in the year-ago period (more).
Same store sales rose 7.3%
Abercrombie & Fitch
(
ANF |
Quote |
Chart |
News |
PowerRating) November
same store sales rose 23%.
Ann Taylor
(
ANN |
Quote |
Chart |
News |
PowerRating) same store sales
rose 12.9% vs 4% estimate.
Strong sectors were:Â Â Semis [SOX||SOX] +4.20%Â Â OilÂ
(
XOI |
Quote |
Chart |
News |
PowerRating)
+3.38%Â Â Â Oil Services
[OSXOSX] +3.35%Â Â Â Â Â Â Â Â Â Â
Weak sectors were:Â Â Â
None
|
|
+106.70 | 10,912.57 |
| +34.35 | 2267.17 | |
| +15.19 | 1264.67 |
More stocks on the move:
American Eagle Outfitters
(
AEOS |
Quote |
Chart |
News |
PowerRating)
said its November Comparable store sales increased 1.7% from the same period
last year (more).
Men’s Wearhouse
(
MW |
Quote |
Chart |
News |
PowerRating) said its total
company sales for November rose 7.5% to $133.7 million from $124.3 million in
the same period of last year (more).
Synopsys
(
SNPS |
Quote |
Chart |
News |
PowerRating) reported fourth
quarter revenue of $254.8 million, an 11% increase compared to $230.6 million
for the fourth quarter of fiscal 2004 (more).
UBS downgraded Qualcomm
(
QCOM |
Quote |
Chart |
News |
PowerRating) to neutral from
Buy.
Brice Wightman
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