Busy Day For IPOs—Here Are The Names
Stocks are slightly lower after some surprising
economic data. PPI for November 0.5%, much more than expected; core
rose +0.2%, inline. Consumer sentiment improved in December. The University of
Michigan Consumer Sentiment Index rose to 95.7, from 92.8 in November.
Stocks were lifted briefly earlier when GE said it will buy back $15
billion in stock over the next 3 years and will increase its dividend 10%.
OPEC will cut production by 1 million bpd. OPEC meets again January 30.
IPOs today include: Adeza Biomedical (ADZA), $16; House Values (SOLD) $15,
Community Bancorp (CBON), $23; First State Fin $12 (FSTF).
Briefing.com reports that the following stocks may be added to the Nasdaq
100: ADSK, ERICY, LBTYA, MCIP, NTLI, SIRI and XMSR. Deleted may be: CPWR, NVDA,
HSIC and RYAAY.
Reminder: roll index futures to March–ESH5, YMH5, NQH5.
Strong sectors are: Brokers
(
XBD.X |
Quote |
Chart |
News |
PowerRating) +0.35% Utilities
(
UTY.X |
Quote |
Chart |
News |
PowerRating) +0.34%.
Weak sectors are: Airlines
(
XAL.X |
Quote |
Chart |
News |
PowerRating) -1.45%,
Drugs
(
DRG.X |
Quote |
Chart |
News |
PowerRating)
-0.89%.
| Dow | -2.88 | 10,549.94 |
| S&P 500 | -0.98 | 1,188.26 |
| Nasdaq | -2.02 | 2,126.99 |
The dollar is +0.69 at
82.72
Gold is -0.30 to 433.50
Crude Oil is +0.09 at 42.62
895 million on the Nasdaq.
Market breadth is negative.
| NYSE | Issues | |
| Advancing | 1364 | Up Vol 261 |
| Declining | 1718 | Down Vol 342 |
| Ratio | 1.25 | 1.31 |
| Nasdaq |
||
| Advancing | 1283 | Up Vol 471 |
| Declining | 1658 | Down Vol 375 |
| Ratio | 1.28 | 1.25 |
Stocks in the News
Delphi
(
DPH |
Quote |
Chart |
News |
PowerRating) said it expects a net loss in Q4 2004 and 2005 and will
cut 8500 jobs.
United Technologies
(
UTX |
Quote |
Chart |
News |
PowerRating) said
it is comfortable with analyst expectations for 2004.
Ameritrade
(
AMTD |
Quote |
Chart |
News |
PowerRating) guided higher.
Monster.com
(
MNST |
Quote |
Chart |
News |
PowerRating) was mentioned
positively in Barron’s Online.
Patients taking Pfizer’s
(
PFE |
Quote |
Chart |
News |
PowerRating) Bextra
were more likely to have blood clotting problems after heart surgery, The New
York Times reported.
CIBC raised its priced target on Sirius
(
SIRI |
Quote |
Chart |
News |
PowerRating)
to $9.
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