Do You Own Any Of These 5 Fastest Growing Companies?
Blue Chips
are higher Tuesday after an upgrade on Caterpillar and crude prices fell for a
third day.
Oil sank below $46; the
last time crude was down 3 days was in June. Technology stocks are lower after a
downgrade on Cisco. Existing home sales for July were off 2.9% at 6.72M. New
home sales are scheduled to be released tomorrow; analysts are expecting 1.29
million.
According to Fortune, the five fastest
growing companies are: InVision Technologies
(
INVN |
Quote |
Chart |
News |
PowerRating), eResearch
Technology
(
ERES |
Quote |
Chart |
News |
PowerRating), New Century Financial
(
NCEN |
Quote |
Chart |
News |
PowerRating), Central
European Distribution
(
CEDC |
Quote |
Chart |
News |
PowerRating) and eBay
(
EBAY |
Quote |
Chart |
News |
PowerRating).
The Stock Trader’s Almanac shows that in 6 of the last 7 years, the last
5 days of August have been down.
Fed Governor Bernanke said the US economy
is better able to withstand higher oil prices than it was 30 years ago.
| Dow | +11.43 | 10084.48 |
| S&P 500 | -0.67 | 1095.01 |
| Nasdaq | -5.18 | 1833.52 |
Strong today are: Airlines
(
XAL.X |
Quote |
Chart |
News |
PowerRating) +1.83%, Retail
(
RLX.X |
Quote |
Chart |
News |
PowerRating)
+0.46%, Biotech
(
BTK.X |
Quote |
Chart |
News |
PowerRating) +0.39%.
Weak are: Gold
(
XAU.X |
Quote |
Chart |
News |
PowerRating) -1.98%, Biotech
(
XOI.X |
Quote |
Chart |
News |
PowerRating) -0.97%.
10-year Notes are -045 at 112 080
The dollar
is +0.27 at 89.33
Gold is -4.40 at 402.70
Crude Oil is -0.50 at
45.55
Volume is 544 million on
the NYSE and 691 million on the Nasdaq.
Market breadth is negative.
| NYSE | Issues | |
| Advancing | 1502 | Up Vol 188 |
| Declining | 1645 | Down Vol 314 |
| Ratio | 1.09 | 1.67 |
| Nasdaq |
||
| Advancing | 1389 | Up Vol 191 |
| Declining | 1507 | Down Vol 453 |
| Ratio | 1.08 | 2.37 |
Stocks in the News
Heinz
(
HNZ |
Quote |
Chart |
News |
PowerRating) met estimates, coming in at
0.55; this was down from 0.60 a year ago.
Target
(
TGT |
Quote |
Chart |
News |
PowerRating) said they were running on
plan for August, seeing flat to +2%.
Cisco
(
CSCO |
Quote |
Chart |
News |
PowerRating) was lowered at UBS, to a
price target of $20. CSCO distributed 162 million common options to employees.
Yellow Roadway
(
YELL |
Quote |
Chart |
News |
PowerRating) said that Q3
earnings would be "at least" be in the range of $1.20 – $1.25.
Caterpillar
(
CAT |
Quote |
Chart |
News |
PowerRating) was upgraded at
Goldman.
Michael Dell bought 18% of the convertible
bonds of Wild Oats Markets
(
OATS |
Quote |
Chart |
News |
PowerRating).
Kraft
(
KFT |
Quote |
Chart |
News |
PowerRating) raised its quarterly dividend
by 14%, to 20.5 cents.
Gap
(
GPS |
Quote |
Chart |
News |
PowerRating) is looking at international
expansion.
Brice Wightman