Do You Like Dividends? You’ll Like This Stock
Stocks are higher as traders take advantage of an
oversold situation. The SPX bounce off yesterday’s lows to trade up
to 1192.75.
The EIA said oil inventories fell by 3.3 million barrels; gas inventories
rose by 2 million barrels. ISM was 63.1 in December–better than expected– vs
61.3 in November
LSI Logic
(
LSI |
Quote |
Chart |
News |
PowerRating) guided higher, with revenues going to $415-$420
million from $360-$490 million.
Nordstrom’s
(
JWN |
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Chart |
News |
PowerRating) December same store sales rose 9.3%.
Circuit City
(
CC |
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Chart |
News |
PowerRating) said December same store sales fell 5.8%, below
expectations.
AIG raised its dividend by 66%, saying the company will show
significant growth in all areas. The dividend goes from 7.5 cents per quarter to
12.5 cents. Just last month the company said it didn’t expect teh tsunami to
impact it adversely.
Strong sectors are: Healthcare Providers
(
HMO.X |
Quote |
Chart |
News |
PowerRating) +1.58%,
Insurance
(
IUX.X |
Quote |
Chart |
News |
PowerRating) +0.81%, Banks
(
BKX.X |
Quote |
Chart |
News |
PowerRating) +0.51%.
Weak sectors are: Â Airlines
(
XAL.X |
Quote |
Chart |
News |
PowerRating) -5.40%, Semis
(
SOX.X |
Quote |
Chart |
News |
PowerRating)
-0.92%, Natural Gas
(
XNG.X |
Quote |
Chart |
News |
PowerRating) -0.81%.
Â
| Dow | +34.73 | 10,665.51 |
| S&P 500 | +2.74 | 1190.80 |
| Nasdaq | +0.08 | 2,107.57 |
The dollar is -0.19 at
82.38
Crude Oil is-+0.36 at
43.55
Gold is +.60 to 427.30
1.27 billion on the Nasdaq.
Market breadth is negative.
| NYSE | Issues | |
| Advancing | 1234 | Up Vol 457 |
| Declining | 2011 | Down Vol 618 |
| 1.62 | 1.35 | |
| Nasdaq |
||
| Advancing | 1188 | Up Vol 819 |
| Declining | 1888 | Down Vol 755 |
| 1.58 | 1.08 |
Stocks in the News
Bristol Myers Squibb
(
BMY |
Quote |
Chart |
News |
PowerRating) is in talks to sell its over the
counter drug line, Excedrin, for as much as $1 billion.
Sirius will collaborate with Microsoft to offer video service
in the 2nd half of 2006.
Micrel
(
MCRL |
Quote |
Chart |
News |
PowerRating) said it would miss earlier targets, citing weak
demand.
Harris
(
HRS |
Quote |
Chart |
News |
PowerRating) won a $30 million Army contract to provide radios.
Delta
(
DAL |
Quote |
Chart |
News |
PowerRating) plans to slash fares by 50%.
This Day in History
1914Â Henry For initiates $5/day minimum wage
1948Â first color newsreel of the Rose Parade
1920Â Red Sox announce sale of Babe Ruth to the Yankees
Brice Wightman