Guilty! Plus, Up 50% Intraday…

  • March 15, 2005
  • Brice Wightman

Stocks are lower after a
confirmed case of anthrax was discovered at the Pentagon mail facility.
Greenspan–before Congress–said that rising
deficits pose a threat to economic expansion.

Retail sales for February
rose +0.5%; ex auto, +0.4%, lower than expected. U.S. chain store retail sales
rose 0.6% in the week ended March 12, compared with a 0.4% decline the previous
week. Manufacturing in New York expanded; the Empire State Index rose to 19.6
from 19.2 in February.

The Tivo service
(
TIVO |
Quote |
Chart |
News |
PowerRating) will service will be available to Comcast
customers in many markets. TIVO is trading up almost 50%.

Genentech
(
DNA |
Quote |
Chart |
News |
PowerRating) said Avastin was proven effective in lung cancer
patients when used in conjunction with chemotherapy. The stock was upgraded at
CSFB and Jeffries raised estimates.

Lehman Bros.
(
LEH |
Quote |
Chart |
News |
PowerRating) beat by 0.71 on record investment banking and
capital markets revenue.

Merrill Lynch said it expects the SOX to be
range-bound this year.

Bernie Ebbers was found guilty of all
charges. Sentencing will be on June 13;  maximum is 25 years.

Strong sectors are: Homebuilders  
(
HGX.X |
Quote |
Chart |
News |
PowerRating) +0.93%  
Healthcare Providers  
(
$HMO.X |
Quote |
Chart |
News |
PowerRating)
+0.80%    Brokers
(
$XBD.X |
Quote |
Chart |
News |
PowerRating) +0.43%   

Weak sectors are:  Semis
(
$SOX.X |
Quote |
Chart |
News |
PowerRating)
-1.81%   Insurance
(
$IUX.X |
Quote |
Chart |
News |
PowerRating) -1.34%    
Biotech
(
$BTK.X |
Quote |
Chart |
News |
PowerRating)  -0.86%

Dow -13.23 10,791.28
Nasdaq -8.15 2042.89
S&P 500 -2.70 1204.13

The dollar is +0.24 at
82.21

Crude Oil is -0.35 at
55.30

Gold is -0.30 at 440.30

ce=”Arial” size=”2″ face=”Arial”>Volume is 711 million on the NYSE and 1
billion on the Nasdaq

Market breadth is negative.

NYSE Issues
Advancing 1495 Up Vol 282
Declining 1668 Down Vol 362
1.11 1.28
Nasdaq
Advancing 1357 Up Vol 377
Declining 1572 Down Vol 511
1.15 1.35

Stocks in the News

Will Disney
(
DIS |
Quote |
Chart |
News |
PowerRating) renew its talks with Pixar
(
PIXR |
Quote |
Chart |
News |
PowerRating)now
that Bob Iger is taking over?

LSI Logic
(
LSI |
Quote |
Chart |
News |
PowerRating) boosted its Q1 revenue target, citing strong
demand for chips used in DVD recorders and iPods.

AOL
(
TWX |
Quote |
Chart |
News |
PowerRating) said it expects ad revenue to grow 20-25% this year,
higher than previously estimated.

Astrazeneca
(
AZN |
Quote |
Chart |
News |
PowerRating) said a petition to remove Crestor from the
marketplace was denied yesterday by the FDA.

Brice Wightman