Earnings Warnings You Need To Know About
Stocks are lower on a host of earnings warnings.
Arriba
(
ARBA |
Quote |
Chart |
News |
PowerRating) warned for Q2. USF [
(
USFC |
Quote |
Chart |
News |
PowerRating) warned for
Q1. Borland
(
BORL |
Quote |
Chart |
News |
PowerRating) cut its Q1 outlook. Magma
(
LAVA |
Quote |
Chart |
News |
PowerRating)
lowered guidance.
The Wall Street Journal reports that Time Warner and Comcast will buy
Adelphia for $12 billion.
Accenture
(
ACN |
Quote |
Chart |
News |
PowerRating) reported a 70% rise in Q2 earnings.
CNET News reported that Advanced Micro Devices
(
AMD |
Quote |
Chart |
News |
PowerRating) will launch
its new dual processing ships ahead of schedule–as early as next month.
Cardinal Health
(
CAH |
Quote |
Chart |
News |
PowerRating) 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: Â Gold
(
$XAU.X |
Quote |
Chart |
News |
PowerRating) +0.40% Â Â
Oil
(
$XOI.X |
Quote |
Chart |
News |
PowerRating) +0.28%Â Â Â Oil Services
(
$OSX.X |
Quote |
Chart |
News |
PowerRating)
+0.24% Â Â Â Â Â Â
Weak sectors are:Â Transports
(
$TRANX.X$ |
Quote |
Chart |
News |
PowerRating) -2.52%
  Healthcare Providers
(
$HMO.X |
Quote |
Chart |
News |
PowerRating) -1.44%Â Â Â Â
Airlines
(
$XAL.X |
Quote |
Chart |
News |
PowerRating) -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
(
GM |
Quote |
Chart |
News |
PowerRating) to a ‘sell.’
Emulex
(
ELX |
Quote |
Chart |
News |
PowerRating) guided higher, citing stronger demand.
Brice Wightman