GM Isn’t The Only Company With An Employee Discount Plan. Take A Look At This List…
Stocks are mixed as higher oil overwhelms good
economic data.
The ISM non-manufacturing index was 62.2 (analysts expected 58.4) in June vs.
58.5 in May. Oil is near $61.
OSI Pharmaceuticals
(
OSIP |
Quote |
Chart |
News |
PowerRating) said the FDA has accepted a New Drug
application for Tarceva plus gemcitabine chemotherapy for pancreatic cancer
treatment. In additions, Tarceva was granted priority review classification.
Zion’s Bancorp will acquire Amegy Bancorp for $1.7 billion.
Making historic highs yesterday were: REITs, S&P Smallcap index, S&P Midcap
Oil index, HMO index and the Hospital index.
London won the bid for the 2012 Olympics and becomes the only city
ever to host the games three times, previously in 1948 and 1908.
Alcoa
(
AA |
Quote |
Chart |
News |
PowerRating) reports tomorrow after the close; estimates are 0.46.
GM’s employee discount campaign was a big hit. Here are employee discount
programs offered by other companies:
Starbucks: A pound of coffee each week for employees
working 20+ hours.
Anheuser Busch: Two cases of beer each month.
General Electric: 20% discount on appliances.
Google: Free lunch, every day.
Blockbuster: Free rentals.
Source: CNN.com
Strong sectors are:Â Â Gold
(
XAUI.X |
Quote |
Chart |
News |
PowerRating) +1.46%Â Â Â Â Â Â Â Semis Â
(
$SOX.X.X |
Quote |
Chart |
News |
PowerRating)
+1.49%Â Â Â Â Healthcare Providerss
(
$HMO.X |
Quote |
Chart |
News |
PowerRating)
+0.86%Â Â Â
Â
    Â
Weak sectors are: Â Oil Services
(
$OSX.X |
Quote |
Chart |
News |
PowerRating) -0.99%Â Â Â Â Natural Gas
Â
(
$XNG.X.X |
Quote |
Chart |
News |
PowerRating)
-0.70%Â Â Â Â Â Oil
(
$XOI.X |
Quote |
Chart |
News |
PowerRating)
-0.49% Â
| Dow | -26.92 | 10,344.88 |
| Nasdaq | +1.61 | 2080.36 |
| S&P 500 | -2.66 | 1202.33 |
The dollar is -0.14 at
90.30
Crude Oil is +1.11 at
60.70
Gold is +0.50 at 423.70
618 million on the Nasdaq.
Market breadth is negative.
| NYSE | Issues | |
| Advancing | 1358 | Up Vol 257 |
| Declining | 1614 | Down Vol 330 |
| 1.18 | 1.28 | |
| Nasdaq |
||
| Advancing | 1303 | Up Vol 356 |
| Declining | 1516 | Down Vol 210 |
| 1.16 | 1.69 |
Stocks in the News
UBS raised June estimates on Intel
(
INTC |
Quote |
Chart |
News |
PowerRating), to 0.33 from 0.32.
JP Morgan raised estimates on Motorola
(
MOT |
Quote |
Chart |
News |
PowerRating).
Marvel Enterprises
(
MVL |
Quote |
Chart |
News |
PowerRating) was downgraded to neutral at JP Morgan.
Zoll Medical
(
ZOLL |
Quote |
Chart |
News |
PowerRating) warned for Q3; the company now expects
breakeven vs 0.10.
Brice Wightman