For Disney Earnings, Click Here
Stocks were higher
in low volume and a narrow trading range on
Thursday. Semis were weak early on but led the way higher the the session close.
Cyclicals were stronger than consumer
stocks and oil and natural gas continued lower.Â
Applied Materials
(
AMAT |
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Chart |
News |
PowerRating) beat by a penny as quarterly profit
rose, but the company said orders in the current period will be down 35%.
Intel CEO Craig Barrett said he expects better performance in the
first half of 2005.
Nike founder and CEO Phil Knight is resigning as President and CEO,
but will stay on as Chairman of the Board. SC Johnson’s Willliam Perez was named
new CEO.
Jobless claims for the week ending 11/13 fell
3000 to 334,000, matching forecasts; the 4-week moving average rose to 338,250.
The Conference Board’s index of leading economic indicators fell 0.3%, the fifth
straight monthly decline.
Does the rally have legs? That’s the question
trader’s are asking. The bulls say we are playing catch-up, and the bears say
watch out for slowing earnings next year. Also, REITs were lower today…is this
a top to interest rate sensitive stocks.
The streetTRACKS Gold ETF (GLD) begins trading today, the first
commodity-based ETF. The price is 1/10 of that of gold. An oil ETF is in the
works, too. Capital gains for this product is 28% because it is treated as a
collectible.
The USDA said a second possible case of Mad Cow disease was found in the
US. Cattle were limit down; it was the largest decline since March. Definitive
test results will take 4-7 days.
You think you get lots of spam in your e-mail?
Microsoft CEO Steve Ballmer said that Bill Gates gets 4 million per day!
After the bell, Disney
(
DIS |
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Chart |
News |
PowerRating)
beat by a penny; revenue was $7.54 billion, up 8% from a year ago. Marvel
(
MRVL |
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PowerRating) beat by a penny; margins were in-line; Sharper Image
(
SHRP |
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News |
PowerRating)
was in-line and reported better revenues. Electronics Boutique
(
ELBO |
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News |
PowerRating)
beat by a penny; revenues were in-line.
This day in history: In 1883, the railroads
created time zones.
| Dow | +22.98 | 10572.55 |
| S&P 500 | +1.61 | 1183.55 |
| Nasdaq | +4.60 | 2104.28 |
Strong sectors were: Oil
Services
(
OSX.X |
Quote |
Chart |
News |
PowerRating) +2.43%, Semis
(
SOX.X |
Quote |
Chart |
News |
PowerRating) +1.31%, Chemicals
(
CEX.X |
Quote |
Chart |
News |
PowerRating) +1.19%.
Weak sectors were: Gold
(
XAU.X |
Quote |
Chart |
News |
PowerRating) -1.83%, Pharmaceuticals
(
DRG.X |
Quote |
Chart |
News |
PowerRating) -1.28%, Banks
(
BKX.X |
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Chart |
News |
PowerRating)
-0.46%.
The dollar was +0.40 at 83.72
Gold was -1.70 to 443
Crude Oil was -0.72 at 46.40
1.9 billion on the Nasdaq.
Market breadth was positive.
| NYSE | Issues | |
| Advancing | 1641 | Up Vol 728 |
| Declining | 1647 | Down Vol 644 |
| Ratio | 1.00 | 1.13 |
| Nasdaq |
||
| Advancing | 1490 | Up Vol 1080 |
| Declining | 1622 | Down Vol 791 |
| Ratio | 1.08 | 1.36 |
Stocks in the News
Medtronic
(
MDT |
Quote |
Chart |
News |
PowerRating) missed by a penny
but gave a weaker forecast.
Intuit
(
INTU |
Quote |
Chart |
News |
PowerRating) beat by 0.03 and guided lower.
Altria
(
MO |
Quote |
Chart |
News |
PowerRating) was upgraded at Prudential to Overweight.
Altria is trading at historic highs.
Google
(
GOOG |
Quote |
Chart |
News |
PowerRating) issued cautionary S-1 statements.
Instinet
(
INGP |
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Chart |
News |
PowerRating) is for sale, according to The New York Times,
and has retained UBS.
Limited
(
LTD |
Quote |
Chart |
News |
PowerRating) was in-line, but profits were lower.
Brice Wightman