Friday The 13th: Historically, How Has The Market Performed?
Stocks are higher on positive results from Dell
Computer. Economic data was mixed.
Import prices for April rose 0.8%, twice the estimate; import prices rose
0.6%. The University of Michigan Consumer Sentiment Index for May was 85.3 vs.
87.7 in April. The number was worse than the 88.0 consensus.
Dell (DELL)
reported 0.37, in-line; revenues were in-line. Â The stock was
upgraded at UBS.
Kohl’s (KSS)
missed by a penny but reaffirmed guidance.
Nvidia (NVDA)
beat by 0.08. Revenue rose 24%.
Prudential raised Intel’s price target to $29. Smith Barney reduced
estimates at brokers GS, LEH and MWD.
Taser
(
TASR |
Quote |
Chart |
News |
PowerRating) is in focus after a study showed that Taser gun
usage had little effect on human heart function.
Friday the 13th: good or bad for the market? A study showed that
Friday the 13th outperforms the average Friday. In a study of Fridays from 1955
to 2005, Michael Panzner of Rabo Securities showed that Friday the 13th was up
56.63% of the time, while the typical Friday was higher just 53% of the time.
Strong sectors are: Â SemisÂ
(
$SOX.X |
Quote |
Chart |
News |
PowerRating) +3.37%Â Â
Computer TechnologyÂ
(
$XCI.X |
Quote |
Chart |
News |
PowerRating) +1.79%Â Â SoftwareÂ
(
$GSO.X |
Quote |
Chart |
News |
PowerRating) +1.31%Â Â Â
Weak sectors are:Â Â Healthcare Providers
(
$HMO.X |
Quote |
Chart |
News |
PowerRating)
-1.83% Â Â Natural Gas
(
$XNG.X |
Quote |
Chart |
News |
PowerRating) -0.95%Â Â Â
Oil
(
$XOI.X |
Quote |
Chart |
News |
PowerRating) -0.72% Â Â
| Dow | +25.35 | 10,214.83 |
| Nasdaq | +23.15 | 1987.03 |
| S&P 500 | +2.43 | 1161.79 |
The dollar is +0.46 at
85.95
Crude Oil is -0.24 at
49.95
Gold is -1.10 at 420.10
770Â million on the Nasdaq.
Market breadth is mixed.
| NYSE | Issues | |
| Advancing | 1436 | Up Vol 340 |
| Declining | 1636 | Down Vol 373 |
| 1.13 | 1.09 | |
| Nasdaq |
||
| Advancing | 1729 | Up Vol 557 |
| Declining | 1302 | Down Vol 143 |
| 1.32 | 3.89 |
Stocks in the News
Dupont
(
DD |
Quote |
Chart |
News |
PowerRating) was raised at JP Morgan.
Valero
(
VLO |
Quote |
Chart |
News |
PowerRating) was raised at Citigroup and Smith Barney.
Tiffany
(
TIF |
Quote |
Chart |
News |
PowerRating) beat estimates by 0.03. US retail sales rose 14%. In
Japan, comp store sales fell 10%.
Maytag [MYG|MYG} slashed its dividend to 0.09 from 0.18.
Google’s CEO said the company will not split the stock for now.
Ameritrade
(
AMTD |
Quote |
Chart |
News |
PowerRating) sees lackluster market performance and said
investors are waiting for economic conditions to improve.
Delphi
(
DPH |
Quote |
Chart |
News |
PowerRating) missed by a wider margin, reporting (0.68) vs (0.31)
expected. The company also guided lower.
Brice Wightman
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