Google $400? Well, Not Today…
Stocks are mixed on discouraging outlooks from two
major Nasdaq companies.
Google (GOOG)
reported earnings; revenues were $890 million, above estimates and up 98%.
The company told analysts to expect a slower quarter. Merrill Lynch raised 2005 and 2006 estimates.
Prudential raised its price target on the stock to $400. GOOG is trading
4% lower.
Microsoft (MSFT)
beat by 0.03; revenues were $10.16 billion vs a $10.17 estimate. The company
guided below estimates for next quarter. MSFT is
trading 2% lower.
Maidenform (MFB) priced its IPO, 10 million shares at
$17. MFB is trading at 20.10.
Analysts polled expect the yuan to appreciate 4% by next year.
Strong sectors are: Â Oil Services
(
OSX.X |
Quote |
Chart |
News |
PowerRating) +4.42% Â
Natural Gas
(
$XNG.X |
Quote |
Chart |
News |
PowerRating) +2.14%Â Â Oil
(
$XOI.X |
Quote |
Chart |
News |
PowerRating)
+1.67%
Weak sectors are: Â Biotech
(
$BTK.X |
Quote |
Chart |
News |
PowerRating) -3.39%Â Â Â Airlines
(
$XAL.X |
Quote |
Chart |
News |
PowerRating) -1.39%Â Â Â
Drugs
(
$DRG.X |
Quote |
Chart |
News |
PowerRating) -0.72% Â Â
| Dow | -18.39 | 10,609.38 |
| Nasdaq | -8.64 | 2168.96 |
| S&P 500 | +1.29 | 1228.33 |
The dollar is +0.37 at 89.30
Crude Oil is
+0.77 at 57.90
Gold is -1.40
at 424.40
778Â million on the Nasdaq.
Market breadth is mixed.
| NYSE | Issues | |
| Advancing | 1734 | Up Vol 368 |
| Declining | 1260 | Down Vol 295 |
| 1.37 | 1.24 | |
| Nasdaq |
||
| Advancing | 1385 | Up Vol 282 |
| Declining | 1377 | Down Vol 427 |
| 1.00 | 1.51 |
Stocks in the News
Schlumberger
(
SLB |
Quote |
Chart |
News |
PowerRating) beat by 0.11; quarterly net rose 36%.
Kimberly Clark
(
KMB |
Quote |
Chart |
News |
PowerRating) will cut 10% of its workforce.
Maytag
(
MYG |
Quote |
Chart |
News |
PowerRating) missed by 0.03.
Brice Wightman