CEO Out, Stock Up 10%. Here’s Who’s Involved…

Stocks are higher on a raft of earnings
reports.

ExxonMobil
(
XOM |
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PowerRating) was in-line at 1.23; net income was $7.8 billion.

Dow Chemical
(
DOW |
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PowerRating) missed by 0.02.

Northrup Grumman
(
NOC |
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PowerRating)  beat by 0.12; sales rose 7% to $8
billion.

Morgan Stanley
(
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PowerRating) said will cut 10% of its brokerage workforce.

Daimler-Chrysler’s
(
DCX |
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PowerRating) CEO Jurgen Schrempp will step down. The
announcement sent shares of DCX up 10%. Schrempp will be replaced by Chrysler
chief Dieter Zeitsche.

Jobless claims for the week of 7/23 rose 5,000 to 310,000.

Hedge funds pulled in nearly $11 billion in assets in Q2. This,
according to Hedge Fund Research. In the same period last year, the figure was
$7.5 billion. Assets placed at hedge funds are estimated at over $1 trillion.

Strong sectors are:   Healthcare
(
$HMO.X |
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PowerRating) +3.01%     Chemicals
(
$CEX.X |
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PowerRating) +1.37%       Telecom
(
$XTC.X |
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PowerRating) +1.09%     

Weak sectors are:   Oil Services
(
$OSX.X |
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PowerRating) -0.76%      Gold
(
$XAU.X |
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PowerRating) -0.64%      Natural Gas
(
$IXNG.X |
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PowerRating) -0.55%
 

Starbucks (SBUX)
reported earnings that beat by a penny.

Bristol Meyers
(
BMY |
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PowerRating) beat by 0.14.

Beazer Homes
(
BZH |
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PowerRating) beat by 0.45.

Pulte Homes
(
PHM |
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PowerRating) beat estimates; revenues rose 32%. The company
announced a  2:1 stock split and increased its dividend.

Express Scripts
(ESRX)
beat by 0.03.

Computer Associates’
(CA)
profit more than doubled; the company also announced cut jobs.

ESS Tech (ESST)
beat by 0.13, beat on revenues but issued downside guidance.

Skechers (SKX)
beat by 0.13.