General Motors Revving Higher, Here’s Why

Stocks are trading lower today.  Equities
are modestly lower as chip stocks are weighing on the market.

Despite a positive mid-quarter report from Intel
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semiconductor issues are the biggest losers of the day. Chip stocks have rallied
in recent days from bullish reports suggesting increasing demand from companies
such as Texas Instruments
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LSI Logic
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boost of their second quarter revenue estimates are failing to provide similar
results.

Shares of General Motors
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offset losses in the major indices today.  The automaker is reporting that 
United Auto Workers Union representatives are willing to discuss healthcare
issues with the company. Yesterday the automaker reported that it will be laying
off 25,000 workers due to rising healthcare costs.

In economic news, Trade Deficit in April widen by an expected 6.3% to -$57
billion.

Strong sectors are:  Gold Bugs

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+0.94%    Chemicals
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Weak sectors are:   
Semiconductors
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-1.50%     Healthcare
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