Can Viagra Use Make You Blind? Plus, If You Fly Northwest, You Should Know This…

Stocks are lower in light pre-holiday trading.

Personal income for April rose 0.7%, in-line. Personal spending rose 0.6%,
slightly less than expected. Year over year, the core PCE rose +1.6%.

TiVo
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TIVO |
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Computer Associates
(
CA |
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restate earnings. Legg Mason downgraded the stock to ‘hold from ‘buy.’

Tech Data
(
TECD |
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Ford
(
F |
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Merrill Lynch said steel stocks are attractive, especially Nucor
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NUE |
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and US Steel
(
X |
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PowerRating). Separately, Merrill upgraded LSI Logic
(
LSI |
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PowerRating).

Can Viagra use make you blind?  The FDA has
received 50 reports, mainly from men who are diabetic and have heart disease.
The Pfizer
(
PFE |
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for 3% of the company’s revenues. Pfizer said there is no evidence that using
the drug causes the rare blindness events. PFE is down over 2% and is dragging
the Dow down.

Thirty-one million Americans will hit the road this weekend; the American
Automobile Association reports that gas prices are 6 cents higher than this
time last year.

Northwest Airlines has pulled the pretzels on all its flights!

Strong sectors are:  Gold  
(
$XAU.X |
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+3.33%   Airlines
(
$XAL.X |
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Natural Gas
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$XNG.X |
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Weak sectors are:     Semis
(
$SOX.X |
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Software
(
$GO.X |
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$BTK.X |
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-0.42%  

Biovail
(
BVF |
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tablet Zolpidem.

Ashworth
(
ASHW |
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Ditech
(
DITC |
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downgrades today.

Delphi
(
DPH |
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(
VC |
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The FDA OK’d Abbot’s
(
ABT |
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CIBC upped Four Seasons
(
FS |
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Dreamworks’
(
DWA |
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Chico’s
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CHS |
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