Earnings After The Close, Plus, These Stocks Have The Highest Short Interest
Stocks were higher–with the indices all making
2-month highs–on solid economic data and an excellent report from a major
homebuilder.
Q1 preliminary GDP rose 3.5%, in-line. Jobless claims for the week of 4/21
rose 1000 to 323K, slightly less than expected
crude over $51.
The euro made a 7-month low vs. the dollar. Higher oil was not a factor as
airlines were strong and the Nasdaq made it up 9 of the past 10 sessions.
Toll Bros.
(
TOL |
Quote |
Chart |
News |
PowerRating) beat by 0.22 and guided higher. Net income more than
doubled. The company has a $5.87 billion backlog and says it has pricing power.
Also, the company owns land across the country–“land banking.”
Two Dow components helped out the average: Caterpillar’s
(
CAT |
Quote |
Chart |
News |
PowerRating)
CEO said that U.S. business confidence was “very strong.” Boeing
(
BA |
Quote |
Chart |
News |
PowerRating)
made a 4-year high on the news that Indonesian carrier Lion Air will buy 60
airplanes.
After the close, TiVo
(
TIVO |
Quote |
Chart |
News |
PowerRating) beat by 0.10. Computer Associates
(
CA |
Quote |
Chart |
News |
PowerRating) was in-line, ex-items. Tech Data
(
TECD |
Quote |
Chart |
News |
PowerRating) missed by 0.04
and guided lower.
Costco
(
COST |
Quote |
Chart |
News |
PowerRating) beat by a penny. Sales rose 10%.
The Fed’s Edward Gramlich said the U.S. economy may be “through the
soft patch.”
Federal regulators filed civil charges against AIG. Eliot Spitzer said
the company manipulated its books and engaged in fraudulent transactions.
Five Nasdaq stocks with the highest short interest: XMSR, PIXR, AMZN,
IACI and CECO.
Strong sectors were:Â Airlines
(
$XAL.X |
Quote |
Chart |
News |
PowerRating) +1.84%Â Â Â Â
Homebuilders
(
$HGX.X |
Quote |
Chart |
News |
PowerRating) +2.67%Â Â Â Â Semis
(
$SOX.X |
Quote |
Chart |
News |
PowerRating)
+1.86%Â Â
Weak sectors were:Â Gold Â
(
$XAU.X |
Quote |
Chart |
News |
PowerRating)
-0.98%Â Â Â
| Dow | +79.73 | 10,537.53 |
| Nasdaq | +21.05 | 2071.22 |
| S&P 500 | +7.69 | 1197.70 |
The dollar was +0.39 at
86.74
Crude Oil was -0.37 at
51.35
Gold was -1.50 at 417.60
billion on the Nasdaq.
Market breadth was positive.
| NYSE | Issues | |
| Advancing | 2290 | Up Vol 1233 |
| Declining | 974 | Down Vol 329 |
| 2.35 | 3.74 | |
| Nasdaq |
||
| Advancing | 2133 | Up Vol 1274 |
| Declining | 893 | Down Vol 292 |
| 2.38 | 4.36 |
Stocks in the News
Petco
(
PETC |
Quote |
Chart |
News |
PowerRating) was in-line at 0.32 but was light on revenues.
Express Scripts
(
ESRX |
Quote |
Chart |
News |
PowerRating) declared at 2:1 stock split.
Michael’s Stores
(
MIK |
Quote |
Chart |
News |
PowerRating) beat by 0.04. Q1 profits rose 59%.
UBS started Teva Pharmaceuticals
(
TEVA |
Quote |
Chart |
News |
PowerRating) with a buy.
Dollar General
(
DG |
Quote |
Chart |
News |
PowerRating) missed by 0.02. Revenue was 1.98 billion.
Elan’s
(
ELNE |
Quote |
Chart |
News |
PowerRating) CEO said the return of Tysabri is a
question of “when” not “if.”
Hormel
(
HRL |
Quote |
Chart |
News |
PowerRating) missed by 0.02.
Heinz
(
HNZ |
Quote |
Chart |
News |
PowerRating) beat by a penny.
Johnson & Johnson
(
JNJ |
Quote |
Chart |
News |
PowerRating) will not receive an approvable letter for
their Alzheimer drug Risperdal.
Novell
(
NOVL |
Quote |
Chart |
News |
PowerRating) missed by 0.03, ex-items, widening its quarterly
loss.
Brice Wightman
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