Dow And SPX Turn A Hat Trick
Stocks closed green Friday, marking the
third up-week for both the Dow and S&P. Lower oil
prices helped stocks, as the transports made another new high. Trading was
light for Veteran’s Day.
General Motors
(
GM |
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PowerRating) rebounded from its 13-year low
after the UAW ratified a new healthcare agreement with the company.
Dell
(
DELL |
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PowerRating) reported 0.39,
meeting reduced expectations. Profit declined 28%.
Merck
(
MRK |
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PowerRating) will be in
focus after a New Jersey judge said he wants the next 10 Vioxx cases to
involve plaintiffs who took the drug for more than 18 months. Merck has
admitted that Vioxx increases the risk of heart attack in people who used it
daily for 18 months or more
Kohl’s
(
KSS |
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Chart |
News |
PowerRating) reported 0.45, in-line. Quarterly
earnings jumped 15%.
Clear Channel Outdoor (CCO) priced 35 million shares
at $18.
On Monday, look for earnings from Wal-Mart
(
WMT |
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Chart |
News |
PowerRating).
Strong sectors were:Â Â Â Gold
(
XAU |
Quote |
Chart |
News |
PowerRating) +2.15%Â Â Â Â Â Airlines
(
XAL |
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Chart |
News |
PowerRating)
+2.28%Â Â Â Disk Drives
(
DDX |
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Chart |
News |
PowerRating) +1.48%Â Â Â Â
    Â
Weak sectors were:Â
 Utilities
(
UTY |
Quote |
Chart |
News |
PowerRating) -0.74%Â Â Â Â Semis
(
SOX |
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Chart |
News |
PowerRating) -0.73%Â Â Â Â Healthcare
(
HMO |
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Chart |
News |
PowerRating) -0.07%Â Â Â Â Â Â Â Â Â
|
|
+45.86 | 10,685.96 |
| +5.79 | 2202.47 | |
| +3.74 | 1234.70 |
More stocks on the move:
Big Five
(
BGFV |
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Chart |
News |
PowerRating) missed by 0.05.
Pacific Sunwear
(
PSUN |
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Chart |
News |
PowerRating) was in-line at 0.54.
Quarterly earnings surged 20%.
Amgen
(
AMGN |
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Chart |
News |
PowerRating) meets with
analysts on Friday.
Biovail
(
BVF |
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Chart |
News |
PowerRating) beat by 0.08,
ex-items, and increased their 2005 guidance.
Brice Wightman
Â