Earnings Warnings You Need To Know About

Stocks are lower on a host of earnings warnings.

Arriba
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warned for Q2. USF [
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warned for
Q1.  Borland
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cut its Q1 outlook. Magma
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LAVA |
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lowered guidance.

The Wall Street Journal reports that Time Warner and Comcast will buy
Adelphia for  $12 billion.

Accenture
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reported a 70% rise in Q2 earnings.

CNET News reported that Advanced Micro Devices
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AMD |
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will launch
its new dual processing ships ahead of schedule–as early as next month.

Cardinal Health
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CAH |
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received a subpoena from Eliot Spitzer as
part of an industry-wide probe.

Marshall Carter is the new NYSE Chairman; Mr. Carter is the former had
of State Street.

Oil is down for a fifth straight day, the longest losing streak since August.

Strong sectors are:  Gold
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$XAU.X |
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+0.40%   
Oil

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$XOI.X |
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+0.28%    Oil Services
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$OSX.X |
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+0.24%        

Weak sectors are:  Transports
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-2.52%
   Healthcare Providers
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$HMO.X |
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-1.44%    
Airlines

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$XAL.X |
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-1.61%

Dow  -38.42 10,507.90
Nasdaq -10.26 2008.53
S&P 500 -4.27 1186.87

The dollar is -0.14 at
84.73

Crude Oil is -0.46 at
53.65

Gold is +1.90 at 426.80

ce=”Arial” size=”2″ face=”Arial”>Volume is 740 million on the NYSE and 695
million on the Nasdaq

Market breadth is negative.

NYSE Issues
Advancing 1020 Up Vol 217
Declining 2010 Down Vol 432
1.97 1.99
Nasdaq
Advancing 940 Up Vol 214
Declining 1879 Down Vol 428
1.99 2.00

Stocks in the News

Deutsche Bank cut General Motors
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GM |
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to a ‘sell.’

Emulex
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guided higher, citing stronger demand.

Brice Wightman