Google Traders, Mark This Date In Your Calendar

Stocks were higher Wednesday. The Fed
raised rates by 1/4 point to 2.5%, as expected; the policy statement was
unchanged..

Volume was heavier, the A/D line was positive and the new high list is
expanding. The Dow made made it three up-days in a row–something that hasn’t
happened yet this year–and has also retraced half of its 2005 losses.

Google
(
GOOG |
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PowerRating) shot up almost 10% after reporting blow out
earnings yesterday…0.85 vs a 0.77 consensus estimate.
Revenues were $634 million vs. a $590 million estimate. Google commands 40% of
the search market. Forty-eight percent of the revenue came from non-Google
websites. The company has not provided any guidance. The stock rallied over 10
points after the close. Merrill Lynch raised its 2005 revenue forecast to $3.11
billion. Jeffries raised to a ‘Buy.’ Goldman lifted its earnings per share
estimate by 25%. GOOG hits an all-time high of 216.80 intraday, and at
$58 billion, now surpasses EBAY in market cap. FYI, on Valentine’s Day, 177
million shares come off lock up.

Boeing
(
BA |
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PowerRating) reported earnings that beat by 0.18, but Q4 profit was
lower on charges related to the closing of its 717 program and the cancellation
of an Air Force tanker order. Net income fell 84%; revenue rose 1%. The company
expects to deliver 320 planes in 2005.

Harrah’s
(
HET |
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PowerRating) beat by a penny as net income jumped 118%.

Sears
(
S |
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PowerRating) will list on the Nasdaq after the merger with KMart
is complete. The letter ‘S’ has been Sears’ NYSE symbol since 1910; this will
leave that symbol open for another company to use. Not only that, but after
AT&T
(
T |
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PowerRating) merges with SBC Communications, ‘T’ will be available as
well. And don’t forget ‘G.’

After the close, Amazon
(
AMZN |
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PowerRating) reported 0.35 vs 0.40, pro forma.
Revenues beat 2.54 billion vs a 2.4 expectation. The stock fell 14% after hours.

Tonight at 9 PM ET (6 PM PT), look for the State of
the Union address.

Happy Groundhog Day! Punxsutawney Phil saw his shadow, which predicts
six more weeks of winter.

Stocks in the News

Nvidia
(
NVDA |
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PowerRating) raised its Q4 forecast to $560-570

Devon Energy
(
DVN |
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PowerRating) beat by 0.09.

Rohm & Haas
(
ROH |
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PowerRating) beat by .07 and guided higher.

Fox Entertainment
(
FOX |
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PowerRating) beat by 0.05.

Monster Worldwide
(
MNST |
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PowerRating) earnings more than doubled; the company
said it has acquired a 40% stake in ChinaHR.com