Get Ready For Tomorrow Now. Start With These Stocks, Which Reported Earnings After The Close
Stocks were higher on lower oil as the Dow extends
its 3 1/2 year highs. All the major indices are at new highs or
historic highs. The EIA said crude inventories rose by 2
million barrels, more than expected. Analysts actually expected stockpiles to
fall.
GDP in Q3 was +4%–ahead of expectations– vs 3.3% in Q2.
Research in Motion
(
RIMM |
Quote |
Chart |
News |
PowerRating) beat by 0.03 and guided Q1 higher;
revenue was $365.9 vs $364 consensus. Blackberry shipments were less than
expected; the stock traded down after hours. Applied Signal
(
APSG |
Quote |
Chart |
News |
PowerRating)
missed by 0.07.
Qualcomm
(
QCOM |
Quote |
Chart |
News |
PowerRating) raised its outlook for fiscal Q1, now seeing 0.26
to 0.27.
After the close, Resources Connect
(
RECN |
Quote |
Chart |
News |
PowerRating) beat by 0.17; Red
Hat
(
RHAT |
Quote |
Chart |
News |
PowerRating) was in line but a little light on revenues. Tibco
(
TIBX |
Quote |
Chart |
News |
PowerRating)
beat by a penny. Global Payment
(
GPN |
Quote |
Chart |
News |
PowerRating) beat by 0.06.
Strong sectors were: Airlines
(
XAL.X |
Quote |
Chart |
News |
PowerRating) +2.56%, Pharmaceuticals
(
DRG.X |
Quote |
Chart |
News |
PowerRating)
+0.96%, Internet
(
GIN.X |
Quote |
Chart |
News |
PowerRating) +0.82%.
Weak sectors were: Oil Services
(
OSX.X |
Quote |
Chart |
News |
PowerRating) -1.59%, Natural Gas
(
XNG.X |
Quote |
Chart |
News |
PowerRating) -1.13%.
Â
| Dow | +56.46 | 10,815.89 |
| S&P 500 | +4.12 | 1209.57 |
| Nasdaq | +6.12 | 2,157.03 |
The dollar was flat at
81.96
Crude Oil was -1.51 at
44.24
Gold was -1.40 to 439.70
1.8 billion on the Nasdaq.
Market breadth was positive.
| NYSE | Issues | |
| Advancing | 1975 | Up Vol 855 |
| Declining | 1369 | Down Vol 494 |
| Ratio | 1.44 | 1.73 |
| Nasdaq |
||
| Advancing | 1732 | Up Vol 1105 |
| Declining | 1407 | Down Vol 672 |
| Ratio | 1.23 | 1.64 |
Stocks in the News
Japan Airlines will buy 30 7E7 Dreamliner jets from Boeing
(
BA |
Quote |
Chart |
News |
PowerRating) for
$120 million each.
Bank of America cut its estimates on several retailers, including FD, KSS,
MAY, ANN, LTD, and TJX.
Solectron
(
SLR |
Quote |
Chart |
News |
PowerRating) cut its 2005 earnings and revenue forecast.
Microsoft will pay a $666 million fine to the EU.
Fannie Mae’s
(
FNM |
Quote |
Chart |
News |
PowerRating) chief stepped down after major accounting
errors were found, which may force the company to restate earnings.
Brice Wightman